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Succession plan is often ill-executed

Most firms lack proper in-house succession planning; and often don't spend enough time, energy and resources in planning for the same

Agamjeet Dang 

Agamjeet Dang

The hunt is on to find a candidate to occupy the most coveted corner room in the country’s largest private bank; another bank in the peer group has sought the banking regulator’s approval for an internal incumbent as the most likely candidate. It brings to the fore the issue of succession planning, especially in financial services.

The last two years have seen as many as seven new CEO appointments in banks, a dozen-plus in insurance companies, and a few more in the larger financial services’ ecosystem. This has ensured the topic remains hotly debated and fresh, both ...

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First Published: Tue, February 11 2020. 21:55 IST
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