The Importance of Board Succession Planning

Board succession planning is necessary for organisation that has a long term vision.  It is about maintaining a competent, functional and competent Board.  Over and above this succession planning is about ensuring that the Board comprises of individuals who have the necessary skills and experience to enhance the operations of the Organisation.

These individuals must not only be experienced, with the necessary skills, they should also provide such diversity of thought that will enhance the profile and operations of the Organisation.  To ensure that the Board consists of suitable individuals organisations should not shy away from hiring suitably experienced Company Secretaries who will help steer the process by seeking out organisations such as the Institute of Directors to assist.


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