Succession planning is a requirement, not an option, for companies seeking to assure continued profitability and minimize business disruptions. Knowledgeable company leaders value effective succession planning as part of responsible governance – an insurance policy for the organization and its stakeholders – and they know a plan of succession must extend to all key leadership positions.
The starting point in any succession process is to consider the range of alternatives, knowing that the unexpected will occur and understanding that succession is more than an appointment. How you and your firm handle this natural occurrence will be a major deciding factor in future performance and profitability. CEL & Associates, Inc. is well prepared to assist you and your organization through this process.