The juicy narratives in the blockbuster HBO series “Succession” derive from deeply inadequate succession planning and a dearth of leadership development. The drama and intrigue around these issues have helped the show attract millions of viewers worldwide. But in the real world, organizations that fail to address succession planning and leadership development inadequacies won’t be successful over the long term — rather, they expose themselves to strategic risks.

This issue of The Bulletin identifies four high-impact actions executive teams should take to invest the time, money and expertise needed to modernize their leadership succession and development programs.