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[cryptohunter]

Public Limited Company plan who will take over important jobs carefully. The board of directors is vital for finding new leaders.

They look at skills, experience and leadership qualities of people inside and sometimes outside the company. Succession planning also includes training and development to prepare future leaders.

Mentoring and coaching help share knowledge. Performance reviews and assessments find highpotential people.

 

[kerryjoy]

Succession planning is a crucial process for any public limited company, especially when ensuring continuity in leadership. The focus on skills, experience, and leadership qualities is key to selecting the right individuals, whether they’re internal candidates or from outside the company. I believe mentoring and coaching play a big role in shaping future leaders because they offer personal insights and guidance that can’t always be gained from traditional training. The combination of these methods ensures that companies are ready for smooth transitions and long-term growth. How do you think organizations can balance promoting internal talent with bringing in external leadership to avoid stagnation?