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Succession planning - Definition and Overview |
| Related Words: Affiliation, Afterlife, Ancestry, Anointing, Anointment, Array, Articulation, Assignment, Assumption, Authorization, Bank, Birth, Birthright, Blood, Bloodline, Branch, Breed |
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In Organizational development (OD), a critical task facing every organization is planning for succession in key roles, e.g. the CEO.
The example of General Electric is a good recent one where CEO Jack Welch and the GE Board of Directors engaged in a lengthy and systematic review of the potential successors prior to his retirement.
With the Sarbanes-Oxley Act of 2003, succession planning has risen in importance as a corporate governance issue.
Other interesting slants on succession
- Capability Development & Organisational Development Experts [1] (http://www.ott-consulting.co.uk)
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