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Why do you need Succession Planning?
Board Succession Plan is an important component of any business’ strategic process, providing a comprehensive and strategic approach to allow for a smooth transition of board level management.
All companies, whether they are a small business or a leading FTSE company should have a succession plan in place to address potential departures of key members and plan for unexpected circumstances. By having this in place from an early stage will save your company time and money, and appease shareholders in the future.
4 important reasons why you need to have a business succession plan?
• To proactively identify new board members
• Securing the survival of the business through transition of ownership
• Minimise the risk of tax burdens during transition
• A board executive member has a critical illness.
It is imperative that your company has a succession plan in place to prevent jeopardising the future of the company and risk monetary loss.
ATM Executive Research can pipeline future board talent both internally & externally qualifying and monitoring potentially interesting individuals. This allows for a smoother transition during board changes. We are able to fully profile individuals, highlighting key achievements and experiences across their career.
For a 'no obligation' consultation please call us on +44 (0) 845 890 1898 or if you are based outside of the United Kingdom and would like one of our Project Managers to contact you at a specific time please email us through our contact page.
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