We’re all going to live forever, right? Not so much. Failing to properly plan for this potential crisis event (or an unanticipated permanent disability or incapacity of key leadership) could result in chaos and the eventual demise of your business. However, creating a written emergency succession plan that clearly expresses your wishes regarding leadership transition, communication to key shareholders, clients and service providers and other items can be an effective solution. Please join Todd Wilkowski, partner with Frost Brown Todd, as he discusses how to properly plan for this contingency. Discussion highlights will include:
Essential Elements of an Emergency Succession Plan
Identifying and grooming your successor
The importance of a Board of Advisors in leadership transition
Effective crisis communications with key shareholders and business partners
Proactive Business Succession Planning to ensure Continuity of the Business