The board of directors of a fintech company have identified the current Chief Operating Officer as a potential candidate for the CEO role in three to five years.This process is known as

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Succession planning is the process of identifying potential candidates from within the organization to fill key leadership positions in the future. In this scenario, the board of directors has identified the Chief Operating Officer as a potential candidate for the CEO role in the next three to five years, which is a clear example of succession planning.

The Board of Directors of a Fintech Company Have Identified