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Succession planning is the process used to identify and prepare replacements for high-level positions. It helps increase the availability of candidates qualified to fill critical roles when directors, executives, and senior managers leave, retire, or pass away unexpectedly. An effective succession plan identifies essential roles in the organisation, selects one or more current or potential staff members to fill those roles in the future, and sets out steps to prepare them for those roles, such as through training and mentoring. An effective succession plan builds morale and the skills of senior staff members, strengthens institutional memory on how things are done, and avoids risks to the business if key roles suddenly become vacant.