When you have a governor personality, you publicly announce the date on which you will leave the business to begin your retirement. This means that you need to have a clear plan for the succession process and the transition period.
Key issues for a governor
- (+) You support your successor, and you provide the right tools for the transfer of power.
- (-) By planning the succession process, you intend to maintain full control of it.
What will the transfer of your business look like?
- You leave your position as managing director on a predetermined date in order to begin your well-deserved retirement.
- Each type of management and ownership transfer is suitable for your situation: a transfer within your family, an employee-buy-out, or a transfer to a third party.
To have a successful transfer with a well-prepared succession team, you have to plan your departure.