Succession within a family company remains a tricky business

17-Jun-2015 #Globalwealth Source: Spears

Proper transition planning is critical for business which can start with a mission statement for the business, providing a vision of what will be expected of the next generation of company leadership. After planning the focus needs to be on the education of the next generation. To develop the next generation in the area of governance is to establish structures such as family councils or advisory boards.

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