GOOD READ: Succession Planning in the Palliative Care Unit

Discussion of a case study, prepared by Family Firm Institute practitioner John Geddes, in which he describes a last-moments push by a team of advisors to help a business owner settle his affairs for the benefit of his family before the principal owner passed away. It highlights the tension that personal circumstances can create, interrupting the effective operation of the business and potentially costing the family significant money. Inaction is nearly always caused by something buried beneath the surface, but the toll on both the family and the business can be significant.

Naylor Group were deliberate about leadership development

In this video presentation by the Business Development Bank of Canada, BDCBanx, Tom Hitchman tells the story of how he has been developing his children, now adults, to take over the Naylor Group in a carefully planned succession process. The whole video is worth watching, but if you want to jump to the part where [...]