Programme Overview
All businesses lose good people. Whether it’s for personal or professional reasons, planned on unplanned, losing directors and talented employees can leave a large gap in any organisation. Filling critical vacancies can prove to be challenging, expensive and time consuming. Besides, today’s environment is changing rapidly that the organisations are facing serious unpredictability and uncertainty, which causes instability in the business operations. That is why succession planning is vital. It ensures businesses are well-positioned to continue growing and performing, minimising the impact of losing key leaders and talent.
Programme Objective
To provide an interactive and comprehensive outlet for sharing ideas with corporate decision makers on a gold standard approach to a successful and effective succession planning, with a view to equipping participants with the requisite knowledge and practical skills to designing and executing a robust succession planning framework for their respective organisations. By the end of the programme each participant will learn and appreciate how succession planning:
- Ensures that the organisation will have the right leaders and people in the right place at the right time for the right job
- Ensures that structured plans and effective processes are in place to monitor and manage the organisation’s retirement cycle
- Ensures that a sustainable leadership pipeline and capacity is built and achieved through a successful succession planning
- Ensures that individual board members with high performance skills and experience are developed and retained to meet the organisation’s challenges and risks
- Promotes investors’ confidence, enhance the organisation’s reputation and also promote market standing
Programme Coverage
- What is succession planning?
- Types of succession planning
- Why succession planning
- Benefits of effective succession planning
- Effects of absence/lack of succession planning
- Global perspectives on succession planning
- Steps to building effective succession planning
- Advantages of planned succession
- Key questions that support effective succession practices
- Models of succession planning
- Roles and responsibilities of key stakeholders on succession planning
- Key trends involving boards and the succession process
- CEO succession
- Board succession
- Senior executives’ succession
- Succession planning tools
- Succession planning in practice
- Stakeholders’ expectation on succession planning
- Why succession fail (suggested remedies)
- Steps to developing a world-class succession plan
- Recommended selection process for CEO and Board members
- Succession planning as a culture
Who Should Attend?
- Board members
- Members of the nomination committee
- Company secretaries, deputy secretaries and assistant secretaries
- Human Resources directors and heads
- Senior executives
Duration: 2 days
Date: 21-22 March, 2019
Programme fee: N237,999.50 (US$767.74 for foreign participants). Special 10% discount for groups of 4 or more.
Key benefits: Succession planning knowledge expansion, programme materials and certificate of participation