The Chairman, Access Bank Plc, Dr. Dere Awosika, has called on Well structured organisations around the world to have workable succession plans in other to pull through the challenging times of the COVID-19 pandemic.
Dr. Dere who made the call on on Tuesday through a Webnar discussion organised by EY Africa, stressed the importance of operating on succession plans through the instrumentality of Mind-Shift.
The event titled ‘Governance for Business Resilience’, with a rider; leading from the top, with key focus area; Building for long term value, managing Business Disruption -The role of the Board of Directors, and leadership in uncertainty which lasted for 90minutes had panelists cut across Africa.
The event which started at 11:00 AM Nigeria time, 12:00 PM South Africa time and 1:00 PM Kenya time was informative and educating according to Dr. Dere Awosika, Chairman Access Bank Plc.
Dr. Awosika said every organisation in and outside of crisis is expected to have succession plans stating that a good one should be able to take care of the employees, accommodate new digital technological practices to avoid contacts, that’s in regard to the COVID-19 pandemic, and it should be achievable and adaptable.
The Chairman, Access Bank Plc, elucidated extensively the basis for the succession plan which is to increase focus and efficiency through the Mind-Shift concept.
She said, “the mind-shift is to have a better and defined focus to ensure that there is an alignment between the Board and the management in other to achieve the organisation’s goal”.
She said the goal is to work harder and diversify to ensure Operational Resilience and face the challenges.
“We should have it at the back of our mind, that what we are looking at is profitability through the Going-Concern Concept in Business Resilience”, she said.
However, Dr. Dere admonished administrators as well as managements of sundry organisations to ensure that mind-shifts are not different from the original goal of the organisation, as she calls for alignment between the management and stakeholders as well as motivate employees to help the organisation do better and have a stronger framework.
Dignitaries who participated as panelists are; Isaac Awuanda, Chairman Kenya Airport Authority and NCRA Bank Kenya Plc, Dr. Ernest Ndukwe, Chairman, MIN Nigeria, Henry Egbikl, Regional Manager Partner, EY West Africa, Ben Afudego, Partner, Advisory leader, EY Africa, Prof. Enase Okonedo, Dean Lagos Business School, and Benson Uwheru, Partner and FSRM leader, EY West Africa.