As a strategic objective, Allied Irish Bank instituted a wide review of its succession planning practices. Quo were selected as the external partner for the review of succession across each of the Bank’s main areas of operations (Republic of Ireland, Great Britain, USA, Poland)
The Bank wanted to develop a rigorous and informed approach to Succession Planning. Quo brought a vital external perspective by conducting a global study of Best Practice in Succession Planning within a range of successful global companies, (including BP, Cisco Systems, Citibank, GE, SKB (now GSK) and Sun Microsystems). These results were used as a benchmark for comparison with the Bank’s existing succession practices by the combined AIB/Quo team.
Results of Divisional reviews and prioritised recommendations for improvements were presented to the Group Chief Executive and a programme of action agreed.
New practices have now been incorporated into AIB’s succession arrangements, and have helped the Group accelerate its ability to bring talent forward whilst maintaining and improving its position in key markets.
