Imagine for a second that some of your top executives would be departing from your organization.
Through retirement, or illness, or some other unforeseen circumstance. What kind of ripple effect would that have on your organization?…
And imagine if that wasn’t addressed. Even worse, imagine if that next level behind them doesn’t have succession planning in place as well.
What kind of an impact will this have on the future earnings?
Well, you don’t have to imagine very long because regulators are telling us right now that it is one of the most important—in fact one of the top 4 things—banks should be addressing.