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The implications for financial services professionals are significant. To best serve women business owners and their companies, financial services professionals must understand that succession planning with women is different.
A woman business owner has unique needs and perspectives that tend to make succession planning a longer process involving both personal and business issues, including the welfare of her executives and employees who will remain with the company after her departure.
To better understand the dynamics at work, here are three areas in particular that deserve your attention.
BRIDGING THE GENDER GAP
Women CEOs prepare better for succession than men. According to the MassMutual Financial Group/Raymond Institute American Family Business Survey, 49% of companies led by women have...
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The elephant in the living room.(FOCUS: SUCCESSION PLANNING)(insurance..., June 06, 2005
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