Succession planning

Succession planning is the process of identifying and developing talent to succeed company directors and senior managers. A process that decides who gets to lead an organisation has obvious implications for corporate strategy, corporate governance, and corporate social responsibility.

Aside from the core benefit of delivering the best candidates for executive roles, succession planning also animates a business on the issue of staff development, making it a more attractive and retentive employer. An increasing number of businesses also place less senior, but still business-critical roles, in their succession planning. This presents an opportunity for a business to combine succession planning with wider talent management activity to maximise the value of the entire workforce.

Associates and members only

This resource is for IoD members and associates only. Please sign in here or click below to find out about the many benefits of IoD membership.

Better directors for a better world

The IoD supports directors and business leaders across the UK and beyond to learn, network and build successful, responsible businesses.

Structuring your business for success

Browse valuable company structure resources from the IoD.
Internet Explorer
Your web browser is out of date and is not supported by the IoD website. It is important to update your browser for increased security and a better web experience.