Succession planning in light of the Financial Services Charter By Sixth Sense Syndicate October 2004

FSC HUMAN RESOURCE TARGETS Target 2008Target 2014 Black people as a percentage of Senior management Min 20% to 25% Black women as a percentage of Senior management 4%33% of black target Black people as a percentage of Middle management Min 30% Black Women as a percentage of Middle management Min 10%33% of Black target Black people as a percentage of Junior Management Min 40% to 50% Black women as a percentage of Junior management Min 15%33% of Black target

Challenges Must be acceptable to all Skills come at a premium Perception of lack of skill

So what are other countries doing?

What are we currently doing in SA?

Top management perceptions Personal implications Implications for the team and company Other implications View on succession planning Industry related forums

Criteria Resource identification Skills development Strategic alignment Implementation and measurement Cultural diversification Address the challenges

Threats Lip service Culture Measurements not in place Scarce resources Lack of buy-in

Last but not least Roll out plan Financial aspect Competitive advantage

Questions