Who is responsible for developing and implementing succession planning?
Author: Warren N. Rothman, Blue Prairie Group, LLC
The commitment to succession planning starts with top management, led by the CEO. Without this commitment, the process will simply not work effectively. Further, the Board of Directors plays the key role in leading succession planning for the CEO, while also holding the CEO accountable for ensuring that succession planning is not only in place, but is working.
HR will typically be responsible for developing the process and all related materials, as well for its implementation. This must be done with the full involvement and engagement of the CEO, COO and other key senior leaders, as well as the Board (based on the employer's structure).