Leadership pipeline is critical for bluechip corporates to evolve into institutions that outlive their founders, feel HR experts, as the sudden exit of Infosys CEO Vishal Sikka raises questions over succession planning at India Inc.
While succession planning as a concept does exist in India, experts are of the opinion that some large corporations seem to be "struggling" when it comes to putting their act together.
Sikka's resignation from IT major Infosys is the second high profile exit of an 'outsider' from a big corporate after Cyrus Mistry was removed as chairman of Tata Sons in November last year.
According to experts, few companies in sectors like Banking, Financial services and Insurance (BFSI) are at par with organisations globally when it comes to succession planning.
"Building a deep leadership pipeline is a priority for any progressive and growth driven organisation as it is a critical element towards building a lasting institution which outlives its founders," staffing services firm TeamLease Services Co-Founder and Executive Vice President Rituparna Chakraborty told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)