How do you solve the shortage of succession plans? Make one

Advisory | Glenn L. Friedman | Wendy Valentino | Jul 12, 2021

Since the audience for this article comprises accountants, let’s start with a number: 35%. What is that? It is the percentage of organizations in the United States that have “a formalized succession planning process.” Meaning just a little over one-third of U.S. businesses are prepared for the multitude of forces that can trigger the need for succession, from something as dramatic as an owner’s death to an unexpected exodus of top talent. Read more