Effective Processes for Leader Succession in Family-Owned Companies

Concurrent Session

Monday, October 20, 2008, 10:45 AM

Critical to any family-owned or private company is the successful selection of, and transition to, the next leader. Experienced directors offer practical advice on how to establish a succession process that pays rigorous attention to candidate qualifications, avoids alienating non-family top managers, and leverages the board and management's strategic thinking. Panelists offer insights on how family owners can involve independent directors in the process to serve their ultimate best interests and long-range goals.

Moderator:
F. Allen Bettis

President, The Legacy Associates, LLC and Director, Wallace Holdings, Inc.
Panelists:
Keith L. Alm

Former President & CEO, Hallmark, Inc. and Director, Follett, Inc.

Fred G. Steingraber

Director, Continental AG, 3i plc, and Elkay Manufacturing; Chairman Emeritus, A.T. Kearney ; Former Chairman & CEO, A.T. Kearney, and Director, Maytag, Inc.

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