Key Management Program
Every company has key people upon which a large proportion of the business depends. Whether it is an owner, director, or CEO, the premature death of this person can severely disrupt operations and threaten the survival of the business. It is important to identify the loss of key management risk versus the amount short term of cash flow needed and do risk transfer.
Director Retirement Planning
Directors of a company undoubtedly have an extremely demanding work life. So it is good to value and reward directors who contribute to the company growth by compensating them for in number years of their continue services during retirement.
Business Succession Planning
Regardless of the reason, having a succession plan in place will help you to smoothly transition out of your business. You can start succession planning years ahead of time; having a plan can be useful if there is an unexpected event, such as illness or death, by identify a personnel or a team of successor to continue to managed the company.