The Children's Center of Wayne County (Detroit)’s Post

Succession to the next generation of leaders is your most important duty over the entire life of your ownership. #undeniabletruth #bibleandbusiness https://lnkd.in/gaSGX9r8

A severe financial crisis for a business doesn’t have to mean it’s the end of the road. The Kingsgate team specialise in helping companies to turn themselves around, so that they have a viable future. We proud of our successful track record, based on many years of experience and a wide range of specialist skills in analysis, finance and corporate leadership. #fturnaround #businesssupport #consultancy

Secure Your Legacy with Family Business Succession Planning At Dresser Law PLLC, we understand the critical importance of planning for the future of your family business. Effective succession planning not only ensures business stability but also preserves your legacy for generations to come. Whether it's a family business handover, leadership training for the next generation, or establishing a clear governance structure, we can help guide you through the process. Other vital aspects of succession planning include: - Developing a retirement strategy for current leaders to ensure a smooth transition. - Creating a business continuity plan that addresses potential unforeseen challenges. - Implementing a mentoring and development program to prepare successors with the necessary skills and knowledge. Plan today for a seamless tomorrow. Don't leave your business's future to chance. 📞 Reach out to John Dresser at Dresser Law PLLC at (269) 689-8527 for legal guidance on crafting a robust succession plan. #FamilyBusiness #SuccessionPlanning #BusinessContinuity #LegacyPlanning #MichiganBusiness #ContinuityPlan

Our team of business advisers includes experts in finance, self-employment, marketing, supply chain, workforce development, business planning, leadership and more! ✨ Working with an adviser can support you in making the right decisions for your business. See what some of our clients have to say…

Secure Your Legacy with Family Business Succession Planning At Dresser Law PLLC, we understand the critical importance of planning for the future of your family business. Effective succession planning not only ensures business stability but also preserves your legacy for generations to come. Whether it's a family business handover, leadership training for the next generation, or establishing a clear governance structure, we can help guide you through the process. Other vital aspects of succession planning include: - Developing a retirement strategy for current leaders to ensure a smooth transition. - Creating a business continuity plan that addresses potential unforeseen challenges. - Implementing a mentoring and development program to prepare successors with the necessary skills and knowledge. Plan today for a seamless tomorrow. Don't leave your business's future to chance. 📞 Reach out to me at Dresser Law PLLC at (269) 689-8527 for legal guidance on crafting a robust succession plan. #FamilyBusiness #SuccessionPlanning #BusinessContinuity #LegacyPlanning #MichiganBusiness #MichiganLawyer

Woodmont Properties Announces Leadership Transition Read the full article below..

Keep it Fresh I’ll complete my first three year term as non-exec director with Darlington Credit Union at our next AGM in spring 2024. This event has prompted this reflection of how important it is to keep your board fresh and yourself fresh! Fresh in terms of making sure the board are always working on succession, maintaining a steady pipeline of prospective new board members. Considering your board’s collective capability actively as part of your cycle of business. Working towards having a rolling, annual re-fresh of the board. Keep it fresh through individuals recommitting and refocussing on their next 3 year term and/or stepping down having developed their successors. I have found there are significant benefits to me, the board and our organisations from the challenge prompted by every fresh perspective. The questions prompted by new board members as they get to grips with their role are stimulating and instrumental in our continuous development. And, in part given my project management heritage, I really find it helpful taking a fresh new perspective when considering a new 3-year term. Certainly with my work with Action for Children, starting my second term a couple of years ago was a great opportunity to reset and refocus. Settling with colleagues on a fresh set of outputs and outcomes that I would work on was motivational. #nonexecutivedirector #governance #boardofdirectors #successionplanning #leadership

The mutual respect among these two business leaders is both enlightening and refreshing.

The fear of failure is arguably a key part of our psyche and it is anchored in our over-achievement culture. The rooting obviously started in early school years, and, in more recent years, probably in pre-school years. This is massively problematic for the increasingly forced transformations needed in organisations and workplaces. Complexities and uncertainties are fundamental start states in organisational change. Risk-taking is inevitable, and of course, failure. It is also probably why we struggle with innovation, where failure is real, before success becomes visible. And this shift that is needed in leaders, and increasingly in managers, is incredibly difficult for most to make. KR Konsulting ‘s work on the ground over the past years with thousands of leaders and managers has helped us understand and empathise with this current state. ChangeLeader #changeleadership #adaptiveleadership #leadershipdevelopment

In a modern corporation, the CEO is the pinnacle of corporate governance. A well-established board of directors is equipped with balance and check measures with and against the CEO. As scholars point out in the literature, compensation alone cannot align the CEO's incentive with the organizational value.