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What additional techniques might be used to assess talent

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Reference no: EM133012925

When company executives and boards need advisory services on succession, they sometimes seek external support from consulting firms such as EMEND. Ellie Maggio, CEO and Managing Director of EMEND, describes the necessary trans- formed interest of Boards and executives in succession planning:

Over the past decade, succession plans have really become important due to  CEO departures leaving organizations scrambling. Moreover, heightened board governance and regulatory compliance have raised the bar on this important function. Ifsuccessionplans are not implemented, shareholders may view their investment at risk.

At EMEND, when working with boards, a six-step process is used in developing .. executive succession management programs:

1. What steps might you include or remove from this process?

2. What additional techniques might be used to assess talent?

3. How would this process apply to non-executive succession planning?

Reference no: EM133012925

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