Succession Stories from the Front Line / Objectif Relève

by Sarah Kruger and Sean Foran

Succession Stories from the Front Line is essential reading for any Canadian business owner looking to transition his or her family business to the next generation of management and ownership.

The many issues surrounding succession planning – interpersonal, financial, business, and emotional – are candidly portrayed in a series of “real life” interviews with people engaged in various phases of the succession planning process.

A number of common themes emerge from these first hand accounts such as: How to communicate effectively with the family? How to raise children to be stewards of wealth while avoiding issues of entitlement and nepotism? How to manage conflict?

At the end of each interview, experienced advisers weigh in with expert commentary and guidance for future action. In addition, a framework for action is presented to assist those business owners who have yet to get started on the succession planning process.

For many years, BMO Financial Group and BMO Harris Private Banking have been keenly interested in the dynamics involved in the transition of the family business. Succession Stories from the Front Line may provide both motivation and assistance to the many families who have yet to plan for their future succession.

Available in English and French versions.

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