Part of a disaster recovery plan is the organization’s strategy for succession planning. In this video, you’ll learn the important parts of a company’s formal succession plan.
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Another thing to consider for business continuity is planning for succession. And this becomes an issue when you have people that are leading the company that in many cases are known to everybody within the company, who leave the company, who pass away. These are challenges that may leave a vacuum in leadership or may have a financial impact to the organization.
You never know what can happen. And when it does happen, it can be very, very sudden. If someone is dismissed, if somebody leaves the organization. They were here yesterday and now they’re not here anymore, how do we handle that and maintain that our company and our organization continues to function? Sometimes there’s a deputy in place.
And a good idea for anybody in a management role is to have somebody who could step in for them. Ideally as a manager, as a director, as VP, your training your replacement. So you should already perhaps even have an office; a deputy CEO or a deputy CIO, that is a formal office of the organization. Should the CIO, the CEO step aside, you’ll have somebody to take their place in relatively short order.
There may also be travel restrictions. And this may be part of your entire policy for succession is that if there are people that are leading our company that are traveling, maybe we’d make it so that only one of those people can be on a single flight, or maybe only two board members on a single flight. And that way if something is to happen to an organization, it would have a limited effect on the total number of people involved.