Family Business Succession Planning Assessment

Our family members are aligned on the long-term direction of the business.

Our family values are clearly defined and understood by our family members, employees, customers, and community.

Our business is well-prepared to handle a leadership transition, and current leaders are ready to transition when the time comes.

There is alignment within the family about the timing and process for leadership transition.

We have a documented and actionable succession plan that includes identified successors and a transition timeline.

Family members who work in the business have a clear understanding of their roles, responsibilities, and future within the company.

Non-family executives are empowered to make key business decisions autonomously.

Senior leadership consistently meets or exceeds performance goals aligned with our strategic objectives.

We offer competitive compensation and long-term incentives to retain key leaders and executives.

Our senior leadership is actively developing and mentoring the next generation of leaders (family or non- family).

Our Board of Directors or advisory group provides strong oversight and ensures leadership accountability.