Scribd Logo
Upload

Welcome to Scribd!

  • Family Business Succession Planning Managing The Family Component

    Uploaded by

    Naoman Ch
    171 views1 page
    Family businesses must plan for succession of both management and ownership to ensure future success. This involves grooming successors, open family communication through regular meetings, establishing rules and governance, and assessing options to make informed decisions around ownership transition that integrate family members and establish comfort levels.

    Original Description:

    Succession Planning Model

    Original Title

    Succession Planning Model

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Family businesses must plan for succession of both management and ownership to ensure future success. This involves grooming successors, open family communication through regular meetings, establishing rules and governance, and assessing options to make informed decisions around ownership transition that integrate family members and establish comfort levels.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    171 views1 page

    Family Business Succession Planning Managing The Family Component

    Uploaded by

    Naoman Ch
    Family businesses must plan for succession of both management and ownership to ensure future success. This involves grooming successors, open family communication through regular meetings, establishing rules and governance, and assessing options to make informed decisions around ownership transition that integrate family members and establish comfort levels.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Family Business Succession Planning Managing the Family Component

    Process

    Activities

    Desired Outcomes

    Management Succession

    Family Communications Family Business Meetings Family Council Meetings Family Business Rules
    Grooming Successors

    Ownership succession

    Integrated Family Members Assessed Options Informed Decision Making Comfort Levels

    Management Process

    Family Governance Shareholder agreement

    You might also like