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Steering succession in the storm

April 16, 2024 Article 4 min read
Stan Hannah
In Family Business Magazine, Partner Stan Hannah discusses why many corporate CEOs find it challenging to identify successors and how you can combat that by creating a successful succession strategy.
View of a stormy sea and cloudy sky from a sailboat.Nearly three-fourths (72%) of corporate CEOs surveyed in a recent report find it challenging to identify successors capable of steering the ship in turbulent waters (Deloitte Insights 2024 Global Human Capital Trends). For family businesses, the stakes are high and are further complicated by a maze of family dynamics and emotions. The rapid evolution taking place in most industries demands a new blueprint for succession — one that ensures continuity for generations to come amid ceaseless change and uncertainty.
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