Do You Have a Succession Plan? | BTalk Australia
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BNET Australia Contributors
Brian Haverty is editorial director for CBS Interactive Australia and is responsible for the company's BNET and ZDNet Australia sites.
Robert Gerrish is a coach, author and professional speaker and the founder of Flying Solo, an Australian online community for solo business owners.
Melissa Lourenco is the HR manager for CBS Interactive in Australia.
Chris Golis is the author of The Humm Handbook: Lifting Your Level of Emotional Intelligence. He runs seminars and workshops on EQ.
Suzi Dafnis is Community Director of the Australian Businesswomen's Network.
Yvonne Adele helps organisations build a culture of ideas by teaching people at all levels to access their untapped creative thinking skills.
(Episode 328; 10 minutes 29) Many businesses do not have a formal plan or process for who will replace the CEO. The result can be a long period where the top job is vacated, or a rushed process to make a new appointment.
A lot of companies simply assume the role will be passed on to the 2IC. Sue Forrester, the Queensland CEO of The CEO Institute says this approach isn’t always the best one. A very good 2IC doesn’t mean they will be a good CEO. She says a CEO requires strong leadership skills and companies should resist simply promoting someone to the top job just because they have been with an organisation for a significant period of time.
So how do you formulate a good succession plan and whose job is it? Should the current CEO be involved in the process?
Do you have advice on how to find a successor? Add comments in the Talkback section at the end of this post.
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