Succession planning has become an increasingly important process for the Board and Chief Executive Officer. Those organizations with well-developed processes generally benefit by:

• better internal morale,
• better understanding of the Successor’s capabilities and needs,
• demonstration of Board and Management thought, leading to
• more solid relationships with its investor public.

Succession planning consulting integrates the personnel issues with strategic objectives. Objective counsel and assistance to the Board can often prompt identification and resolution of issues earlier in the succession planning process.