To effectively do succession planning in your organization, you must identify the organizationâs long-term goals. You must hire superior staff. You need to identify and understand the developmental needs of your employees. You must ensure that all key employees understand their career paths and the roles they are being developed to fill.
HAY-HERRÃ¡N TREATY. HAY-HERRÃ¡N TREATY was signed by Secretary of State John M. Hay and Dr. TomÃ¡s HerrÃ¡n, the Colombian minister, on 22 January 1903. It allowed the French-controlled New Panama Canal Company to sell its option on a canal route through Panama to the United States.
The treaty established the boundary of U.S. territory and claims through the Rocky Mountains and west to the Pacific Ocean, in exchange for the U.S. paying residents' claims against the Spanish government up to a total of $5,000,000 and relinquishing the US claims on parts of Spanish Texas west of the Sabine River and other Spanish areas, under the terms of the Louisiana Purchase.