Secure Your Legacy: Succession Planning Made Simple with Our Expert CPA Team!
Succession planning is the process of identifying and developing potential successors or replacements for key leadership positions within an organization, particularly in the context of retirement, promotion, or unexpected departures. It involves creating a strategic plan to ensure a smooth transition of leadership and continuity of operations when key personnel leave their roles.
Succession planning is essential for organizations to ensure a smooth transition of leadership, maintain continuity of operations, and preserve institutional knowledge and culture as key personnel transition out of their roles.