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Most Small Organizations Lack CFO Succession Plan

By Net Assets posted 18 days ago

  

(from Associations NOW) At many smaller organizations there is no set successor for the key finance role, according to a recent survey from Robert Half Management Resources. About half of organizations with fewer than 250 employees had a CFO succession plan, and only 37 percent of organizations with fewer than 50 employees did. Among the most commonly cited reasons for not having a succession plan in place were that the CFO wasn’t planning to quit anytime soon (64 percent), that there weren’t qualified replacements within the organization (17 percent) and lack of time.

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