Why Indian outfits have realised that succession planning is a crucial cog in the wheel for good governance and future prosperity
Corporate succession planning is as old as business itself. Every company, big and small, has to grapple with the situation where a celebrated boss has to hand over the reins to the next business titan. The conundrum is higher still in a family-owned business where a lot depends on the will and inclination of the heir-apparent to take the business ahead. Then there are siblings and extended family, all wanting a share of the pie.