Succession Strategies2010 and all that

Bill Espie

The, not so quite obvious, obviousThe, not so quite obvious, obvious

• Purpose before Process (Icebergs before Purpose before Process (Icebergs before deckchairs)deckchairs)– Make sure the focus is very clear otherwise the process

will be out of synch– Get agreement for the focus– Remember you are not an NDC anymore– Do you really need to carry on?– Maintaining Partner Involvement

ProcessProcess

• GovernanceGovernance– Size matters– Selection or election– Usual suspects?– Accountability

• CultureCulture– What do you do with those “originals” ?What do you do with those “originals” ?

• LegalLegal– Type of legal entity– Assets and who may benefit from them

• Grafting or separate planting?Grafting or separate planting?– MarketingMarketing

Risks• TimeTime• Decision MakingDecision Making• The WillThe Will• The CultureThe Culture• The SkillsThe Skills• The StructureThe StructureAll NDC’s have existed for the last 8+ years to give money

away - The only reason that the plan will exist is to deliver further money, in whatever form and shape, to continue the regeneration of the area after the NDC funding stream runs out – sustainability.