HomeNewsTips on future-proofing your business at our succession planning seminar
Tips on future-proofing your business at our succession planning seminar
03 September 2019
According to research[1], nearly 6 out of 10 family businesses in the UK don’t have a succession plan in place.
Just like making a will, it’s often one of those tasks which is shelved for ‘some other time’, sometimes until it’s too late.
However, should a key director retire, or crucial personnel suddenly depart, how would your organisation cope?
Some of our lawyers will be sharing advice on succession planning for businesses, from family-run and SMEs to national organisations, at our upcoming October breakfast briefing at National Star College, Ullenwood.
Employment law partner Matthew Clayton, corporate & commercial associate Sophie Martyn and wills, trusts & probate associate Rachel Sugden will take you through the primary legal issues. They will reveal how you can safeguard the continued smooth running of your business should there be a change of personnel or ownership, whether planned or unexpected.
They will be covering topics such as the legal issues around retirement, preparing junior staff for taking on more responsibility, different ways for introducing equity stakes for existing staff, bringing in new investors, owners or management team and passing on business shares and assets in your will.
The seminar is aimed at business owners, managing directors, CEOs, HR and finance directors, and there will be opportunities for networking with fellow delegates before and after the session.
Partner Matthew Clayton, speaker and head of our Legal 500-rated employment law division, commented: “It’s hard to overestimate the importance of having a good succession plan in place, and it’s surprising how many businesses do not already have one (particularly family-run operations and SMEs).
“Having a succession plan in place is key to achieving a well-managed ownership transition – benefiting the employees, shareholders and all who rely upon the smooth running of the business.”
The workshop runs from 7:30am to 9am on Wednesday 2 October and tickets cost £18.50, to include a light breakfast.
We’re backing our county’s most vibrant lifestyle businesses, returning as headline sponsor for the SoGlos Gloucestershire Lifestyle Awards 2021. Gloucestershire’s lifestyle businesses make our county a truly unique place in…
For businesses across the country, keeping up to speed with the drip-feed of Brexit-related information has been a real challenge, compounded by the pressures of the pandemic. With this in…
We are delighted to have kick-started 2021 with a series of senior promotions – one to partner and three to associate level. Clockwise from top left: Adam Hale, Mary Young,…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL cookies.
This website uses cookies to improve your experience while you navigate through our website. Out of these cookies, the cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyse and understand how you use our website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies but it may affect your browsing experience on our website. You can find our cookie policy here.
Necessary cookies are absolutely essential for our website to function and enable core functionality such as security and accessibility. These cookies do not store any personal information. You can block these cookies by changing your browser settings, but this may affect how the website functions.
We use performance cookies such as Google Analytics to help us count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our cookie policy.