When asked the significance of a company succession plan, experts were united when they explained the absolute necessity of a good plan.
“[Succession planning] may be the most important thing for a business and it is for sure the thing that is done less well,” said Carl Rowe, founder and senior consultant of Clarity Advisors to Management, which provides solutions to struggling companies. Clarity is a subsidiary of Fair, Anderson & Langerman, a company that specializes in certified public accounting and business advisory services.