Governance, national ethos and succession planning (2) By abiodun KOMOLAFE

The private sector has something to give here to the political establishment. The best companies endure and continue to perform because of careful succession planning. A very good example is Procter & Gamble (P&G), which sadly exited Nigeria a few years ago. The company is one of the biggest and most successful in the world. Its very commendable operating base is that the company “promotes strictly from within.”   P&G will not hire a genius to fill a strict strategic opening in its organization. This would indicate a failure of…