Heirs apparent

Firms are wasting billions of pounds through poor succession planning

There's a tired old cliché that chief executives like to trot out when addressing their investors: “Our staff are our best asset,” they claim. Cliché it may be, but a recent study by Investors in People suggests it has never been more true. Last year, claims the survey, poor succession planning wiped £2bn off the stock of FTSE 350 companies.

The research also...

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