Public Member
Interest: Sustainability female leadership AI
Industry:
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At 800 German firms, 81% chose sons over daughters in succession decisions -- and the presence of first-born sons also made them exclude outside candidates.
The successor's readiness for the top role, and the firm's age and experience with previous successions, are main factors to consider.
Next-gen leaders often have a clearer view of how the family business must change. The challenge is to preserve the culture and values while making change happen.