PLANNING SUCCESSION IS ESSENTIAL TO
CREATING A SUSTAINABLE LEGACY
Manage Expectations
Create generational engagement and leadership development programs to create a strategic succession plan.
DEVELOP APPROPRIATE GOVERNANCE STRUCTURES
A business 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.
Evaluate internal and external leadership options.
MANAGING EXPECTATIONS
Leverage generational engagement and leadership development programs to create a strategic succession plan.
DEVELOP APPROPRIATE GOVERNANCE STRUCTURES
A business 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.
Evaluate internal and external leadership options.
you will be able to:
- Support the right governance structure for your family and your business
- Create appropriate roles for family members
- Evaluate skills of individuals with skills needed by the business and create personal development plans
