Succession Scorecard©

1. the incumbent leader finds a new role

2. a competent and well-motivated successor becomes the new leader

3. the relationship between the incumbent leader and the successor is good

4. good relations exist within the family

5. there is governance of the company and of the family

6. the successor forms a team with non-family members

7. all alternatives are thoroughly studied

8. the family business is professionally run

9. the succession leads to a proper arrangement of the ownership succession

10. the succession is carefully planned