Succession Planning

Overview

The Succession Planning Short Course lets you learn the step-by-step process in building a succession plan. You will explore the estate and family issues associated with succession, whether in a personal or organisational context.

Topics Covered

Gap Analysis on Succession Readiness

• Designing a Resources Audit
• People, Skills and Governance needs for the Future

Building a Succession Planning Team

• Professional Advisors
• Management & Technical Advisors

Business Continuity

• Legal Structures and Succession
• Family Ownership and Succession
• Financial Planning for Succession

Grooming Successors

• Benefits of Early Selection
• Education, Delegation and Leadership for Successors

Communicating and Implementing the Succession Plan

• Designing a ‘business will’ and appointing an ‘executor’
• Timing and Managing the Transition

Developing a ‘Life-After-Succession’ Plan

• For You
•  For the Business

Estate & Family Issues

• Tax Issues
• Non Tax Issues

Who should attend

• Owner/Managers from all types of businesses who need to develop strategic planning skills in the context of succession.
• Managers of larger businesses who would like their succession planning process to be more efficient and effective
• Owners and managers who want to ensure a smooth transition into a new state
• Owners and managers who need to develop competent management teams for the future
• Family businesses with succession issues particular to family ownership.

Outcomes

• You can learn a step-by-step process for building a succession plan
• You can develop an awareness of the critical issues associated with succession in their organisations
• You can understand the resourcing and implementation issues associated with succession
• You can consider a plan that addresses the post succession phase for themselves and their businesses