In today’s fast-paced and ever-evolving business landscape, leadership stability is more crucial than ever. Yet, many organisations overlook the importance of planning for the unexpected departure of a CEO or key board member. At Wyman Bain, we believe that succession planning is not just a strategy—it’s a necessity.

Why Succession Planning Matters

A well-thought-out succession plan ensures:

• Continuity in Leadership: Minimising disruption to operations and maintaining investor confidence.
• Alignment with Business Goals: Ensuring the next leader is equipped to carry out the board’s approved strategy.
• Diversity and Inclusion: Promoting a broad pool of talent, both internally and externally, to bring fresh perspectives to the boardroom.

What Makes a Succession Plan Effective?

A robust succession plan should:

1. Identify Key Roles: Focus on positions critical to the organisation's success.
2. Benchmark Talent: Compare internal candidates with external benchmarks to ensure the best fit.
3. Evaluate Skills: Align technical and soft skills with the company’s future needs.
4. Foster Development: Use the plan as a tool to identify training and development opportunities for potential leaders.

Our Approach at Wyman Bain

We take a bespoke approach to succession planning, working closely with the board and leadership teams to:

• Identify potential candidates from a vast talent pool.
• Provide market intelligence and benchmarking to aid decision-making.
• Ensure a transparent and rigorous selection process.

With our expertise, we help organisations prepare for leadership transitions that not only maintain stability but also drive growth and innovation.

Ready to Plan for the Future?

Whether you're looking to create a succession plan or refine your current strategy, Wyman Bain is here to guide you every step of the way. Contact us at enquiries@wymanbain.com or visit wymanbain.com to learn more.