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Proper board succession planning—the systematic process of identifying and placing qualified candidates in current or upcoming board seat vacancies—is vital for corporate stability and continuity.
According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan.
In my many conversations with manufacturing industry leaders, succession planning consistently emerges as a critical challenge. When business owners start thinking about succession, it’s often ...
Experts from PivotPoint Business Solutions discuss why delaying succession planning is detrimental for your operation.
Succession planning has emerged as one of the top priorities of organisations this year amid concerns over the impact from sudden departures of CEOs or other critical talent. This is according to What ...
Yet, planning for the day you step away can be one of the most challenging tasks you'll face. Succession planning is crucial to ensure that your business continues to thrive long after you've ...
The very public division within the Democratic Party following the presidential debate in June serves as a stark reminder of the crucial role of succession planning. Regardless of the outcome ...