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Regardless of personal politics, this summer’s unplanned transition of the democratic nominee from Joe Biden to Kamala Harris has been a critical reminder of the need for CEO succession planning. The rapid transition from Biden to Harris, coupled with the immense pressure CEOs are under due to changing market conditions, has led to discussions among Chief People Officers about what they should be doing now to avoid unplanned transitions.
Editorial credit: Stratos Brilakis / Shutterstock.com Begin Difficult Conversations Before You Need To Have Them
Most companies have an emergency succession plan, but the dirty secret is that many do