This article appeared in a number of on-line publications. Follow the link here or paste this url into your own browser.

https://news.yahoo.com/global-miners-face-succession-crisis-old-guard-nears-050541601.html

It is a tragedy that so much untapped experience is just ‘lying out there’ not being used.  One of the most telling quotes from the article is this one.

“There is a shortage of potential CEOs because the industry doesn’t invest in people,” said Mark Bristow, the 56-year-old Chief Executive of mid-tier gold miner Randgold Resources .
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I would also add that governance within the industry leaves a lot to be desired, particularly among the ‘juniors’. Very few CEOs and Exploration Managers have had sufficient education in planning and governance. Some of the more enlightened executives have done MBAs and thereby may have had some exposure to planning and strategy.

If one drills down to the business process level the situation is even worse. Many organisations do not have any documented business processes and if you asked many employees why they were doing the things they were doing , they would reply “because that is the way we have always done it”.

At Finrank we have a ‘toolkit’ for guiding organisations through the ‘maze’ of creating such a strategy ‘roadmap’.  Many organisations facing looming  compliance challenges may well benefit from such work.