planning succession
Succession planning is essential to creating a sustainable legacy.
MANAGING EXPECTATIONS
Leverage generational engagement and leadership development programs
Evaluate Internal and external leadership options
DEVELOP APPROPRIATE GOVERNANCE STRUCTURES
A Family Governance structure as well as a Family Governance structure and how they intersect
Establish communication protocols
BALANCING THE NEEDS OF THE BUSINESS AND THE FAMILY
Emotional considerations
Financial considerations
MANAGING EXPECTATIONS
Leverage generational engagement and leadership development programs
Evaluate Internal and external leadership options
DEVELOP APPROPRIATE GOVERNANCE STRUCTURES
A Family Governance structure as well as a Family Governance structure and how they intersect
Establish communication protocols
BALANCING THE NEEDS OF THE BUSINESS AND THE FAMILY
Emotional considerations
Financial considerations
education for incoming generations:
About
- Include information about this education plan
- Details, duration, involved leaders
- Example?
Process
- Are there steps that we can include?
- More information about the educational process
- Outcomes, etc