Note: 1 – disagree/very poor/none : 5 – strongly agree/very good/a lot

1 2 3 4 5
1. Everyone is aware of the challenge that
succession brings to the family.

2. All members of the family are working
constructively towards a solution.

3. Clear objectives have been agreed and
are being adhered to.

4. Implementation timescales have been
drawn up and are being followed.

5. Our professional advisers – accountants,
lawyers, bankers – are involved in the
process.

6. A Family Charter/Council/Constitution
has been discussed, agreed upon and is
being used to sort out different perspectives.

7. Regular, formal meetings, attended by
all concerned, are being held to monitor
the process.

8. An assessment of everyone’s values and
beliefs has been carried out and
discussed individually and collectively.

9. Everyone clearly understands the many
implications that people’s different
values and beliefs bring.

10. All the different values and beliefs have
been aligned into the succession process.

11. Job responsibilities are matched to
values, beliefs and core competencies.

12. A procedure is in place for sorting out
differences.

©William Barron
Creating Insight
August 2004
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