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A succession you can govern.

One mandate in writing, an independent lead, and every decision prepared for the board.

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What the board cannot see yet.

Until someone leads the whole, three things stay out of sight.

An owner at the cutting table of his workshop

It still runs on the owner.

Customers, prices and signatures still pass through one person.

Thick binders of documents stacked on a shelf

Each advisor sees one part.

Fiduciary, lawyer, bank: each is paid for a part, nobody for the whole.

Papers passed across a meeting table

The first offer sets the terms.

An unprepared company takes the first solution, not the best.

One mandate, in writing.

Signed by the owner or the board of directors. We report to them.

Mandate letter · Example, fictitious company

Leading your succession process

  1. ScopeThe whole process, from the diagnosis to the handover.
  2. What stays with youEvery essential decision. We prepare it; you take it.
  3. ReportingAfter the diagnosis, then at every milestone.
  4. FindingsIn writing, whoever they concern.
  5. Your advisorsThey keep their mandates. One plan holds their work.

Either party may end the mandate in writing.

For the board of directors

See the documents

Every decision arrives prepared.

The options side by side, our recommendation, and who does what. On one page.

Decision brief no. 1 · For the owner and the boardDecision by 30 April

Who signs orders above the limit?

  1. Option AThe deputy, from month 2
    For
    Orders no longer wait for the owner.
    Against
    A wrong call on a large order.
    Recommended
  2. Option BThe owner, until the review
    For
    No change for customers yet.
    Against
    Every large order still waits.
  3. Option CBoth, until the review
    For
    The deputy learns; the owner stays close.
    Against
    Slower than today.
Our recommendation Option A, checked monthly.

The fiduciary lists every order above the limit; we go through it with the owner.

Who does what
Owner
Chooses, and sets the limit
Deputy
Signs within the rule
Fiduciary
Lists the month’s large orders
Board
Confirms the rule in June

Example, fictitious company

You decide. We run the process.

Your fiduciary, lawyer and bank keep their mandates. We put their work in one plan.

See where it stands, without chasing.

Each measure, who holds it, and whether it is done, running or late. Try another month.

Muster Präzision AG · 90-day planPlan status

Review of 30 AprilReview of 29 MayReview of 30 June 235 done 211 running 010 late 210 planned

  1. Name a deputyOwner30 AprilDoneDoneDoneNamed on 21 AprilDecides daily mattersDecides daily matters
  2. Key contracts in one folderLawyer30 AprilDoneDoneDoneRead by the lawyerRead by the lawyerRead by the lawyer
  3. Figures closed by the 10thFiduciaryMonthlyRunningLateDoneFirst close due 10 MayApril closed on 13 MayMay closed on 9 June
  4. A signing limit for the deputyOwner29 MayRunningDoneDoneDecision brief no. 1In writing since 4 MayIn writing since 4 May
  5. First review with the boardBoard26 JunePlannedRunningDoneDate to setDate set: 26 JuneHeld on 26 June
  6. Choose the pathOwner31 JulyPlannedPlannedRunningAfter the first reviewDecision brief on 15 JuneBrief no. 2 with the owner

Next with the boardDecision brief no. 1, by 30 AprilFirst review, 26 JuneSecond review, 25 September

Example, fictitious company

Discuss the mandate first.

A free, confidential 30-minute call with Reinhard Voelkel.

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