Commercial Insights

Why is a Succession Plan Important?

May 20, 2022 (updated Feb 22, 2024) • 7 mins
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  1. Harvard Business Review, “The High Cost of Poor Succession Planning,” May-June 2021 Back
  2. Society for Human Resource Management, “Succession Planning is Critical in Uncertain Times,” March 9, 2022 Back
  3. National Association of Corporate Directors, “2023 NACD Board Trends and Priorities Survey: Diversity, Equity, and Inclusion,” April 10, 2023 Back
  4. Harvard Business Review, “The High Cost of Poor Succession Planning,” May-June 2021 Back