Why a robust succession plan is essential

There is probably no corporate event which causes more concern – to shareholders, clients and employees alike – than a change of leadership. Whether planned or unexpected, the uncertainty resulting from the replacement of a company’s top executives can cause jitters in the market and lead to adverse publicity and anxiety among stakeholders.

Robust succession plans can go a long way towards quelling such concerns – so why do so few corporates in South Africa take them seriously?

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