Survey: Family businesses facing a ‘succession paradox’
By ABA Banking Journal Staff
AI Summary
78% of family business executives expect a CEO transition within the next decade; 57% have established strategic succession planning. The survey highlights a 'succession paradox' where critical planning is seen as essential but not fully implemented.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and focuses on family businesses in general.
Original Content
A Deloitte survey of 300 family business executives finds that 78% expect a CEO transition within the next decade, and 42% foresee this shift within just three to five years.Yet the survey highlights a “succession paradox.” While 85% of respondents agree that strategic CEO succession planning is critical to long-term success, only 57% have established […] The post Survey: Family businesses facing a ‘succession paradox’ appeared first on ABA Banking Journal .