Family Businesses Must Have A Succession Plan: Sethurathnam Ravi, Former Chairman, BSE
Sethurathnam Ravi, former Chairman, Bombay Stock Exchange, points out that there is a method to transition, with many factors determining the way forward for a smooth transition. These challenges include family structure, the skill sets of family members, aspirations of all concerned, ceding of control, family wealth, the nature of the business, and relationships among …
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