Special Report: Family Business – when to hand over the baton?
Timing is everything in business. And for family-run companies the decision of when to hand over the baton to the next generation can be critical.
Succession planning is vitally important. But some family heads hang on in the managing director’s chair for too long. And there can be big problems if the strategy to secure the company’s long-term future when they do eventually step down hasn’t been mapped out clearly.
An increasingly expanding family - all with their own expectations and opinions - can also set its own challe... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...