Succession Plan

This pertains to the basis for transfer of business leadership roles from one generation of managers to the next. This helps to ensure that businesses continue to run smoothly without any interruptions, especially after people go on to look for new opportunities, retire, or pass away. This plan also helps to ensure that businesses are fully equipped and prepared to promote and advance all employees, and not just those who are in the management or executive levels.

Previous: Specialized Fund Next: Termination Date