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Building a Sustainable Enterprise: How to Plan For the Future Without Ready Now or Ready Soon Successors

Wednesday, January 25, 2023 @ 8:00 am - 10:30 am


Good governance: How to build or refresh your corporate board and what it can do for you.

There are various strategies to grow and many considerations when doing so. When developing a growth strategy, it’s wise to engage potential successors in the strategic planning and execution, but what to do when there isn’t a ready now, ready soon, or any successor at all? Most generational enterprises would start thinking about an exit path; however, that isn’t the only answer to the successor challenge. Does your enterprise really require a family member at the helm, or is there another approach? Consider the role of Stewardship. Many enterprises look to a generational succession of senior leaders as a way to pass the torch and secure the values and legacy. However, a solid corporate board and a family governance process that focuses on the Stewardship of the organization leaves room for outside leaders to forge a solid growth strategy with proper oversight. Learn how family and corporate governance can shepherd a company into a new leadership model that keeps the values and legacy intact.

Join the EFBC community as we welcome Meghan Juday for Building a Sustainable Enterprise: How to plan for the future without ready now or ready soon successors. As a fourth-generation leader and Chairman of the Board at IDEAL Industries, a 106-year-old family business in its fifth generation of ownership, Meghan understands what helps family businesses thrive and survive. A speaker, author, and family business advocate, Megan has made it her mission to share this know-how with the family business community. Meghan serves on the Kingsbury, Inc. Board, Brightstar Capital Partners Advisory Council, the editorial board for Family Business Magazine, the Private Directors Advisory Board, and the Northern Illinois University Presidents Advisory Council.

Doors open at 8:00 AM and the program will begin promptly at 8:30 AM. Stay to chat more with Meghan and connect with the EFBC community from 9:30 to 10:30. Continental breakfast and beverages will be provided.

Click here to learn more about Meghan Juday


Wednesday, January 25, 2023
8:00 am - 10:30 am
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ALERA Group – Deerfield
3 Parkway N, First Floor Conference Room
Deerfield, IL 60015 United States
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