The 7 deadly sins of succession planningTackling the wave of boomer retirementsBy 04/11/2007|hrreporter.com|Last Updated: 04/23/2007 As the boomer generation gets ready to retire, the words ‘succession planning’ are on the lips of CEOs and business owners across the country – or they should be. “You only need to read the business pages to know that not having a plan for succession can be a serious liability, yet companies seem to get hit from behind time and again,” says John Szold, managing director of psychometric assessment and consulting firm Caliper Canada. Succession planning not only ensures a continuity of leadership but it supports future growth through the retention and development of a company’s brightest talent. Effective succession planning can also be the key to increased motivation, performance improvement and a seamless transition from one management team to the next, said Szold. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.