McCarter & English, LLP
245 Park Avenue, 27th Floor
New York, NY 10167
McCarter & English Hosts Exit Planning Institute’s Greater New York Chapter Meeting: Succession Planning – Building Business Owner Legacy at our New York office on Tuesday, July 12 at 7:45 AM.
Research shows that most companies have little or no deliberate succession planning in place—and aren’t fully aware of how much the lack of it can cost their organization, especially in an unstable economy. Managing the succession of talent is a vital strategic process that minimizes gaps in leadership and enables your best people to develop the skills necessary for possible future roles.
Whether you plan to transfer your company to your children, sell it to outsiders, or sell it to an employee(s), there are steps you can put in place now that will help you maximize the financial return, minimize tax liability, plan for contingencies and increase the likelihood of a successful transfer of your business. This session will give you a lot to think about as you ensure your organization always has well-trained, experienced people in key positions.
•Attracting, retaining and developing skilled individuals.
•Developing leaders from within while retaining intellectual/operational expertise.
•Identifying the competencies needed for critical positions.
•Planning for retention by matching your company’s needs with available talent.
Dr. Curtis Odom, Principal and Managing Partner of Prescient Strategists, LLC., Founder of the Inclusive Leadership™ Institute, and the acclaimed author of the book “Mind The Gap: Getting Business Results In Multigenerational Organizations”