06/16/2026
Stepping aside is one thing. Knowing who to hand the keys to is another.
When it comes to business succession, the instinct to be "fair" — especially with family — can quietly put the future of the business at risk. As BDC's Devesh Dwivedi puts it, shared leadership often means no leadership at all.
The right successor should be chosen based on capability: leadership experience, industry knowledge, financial skills, and emotional readiness. Not birth order.
Insights from BDC's latest article cover:
- Why dividing leadership among siblings weakens decision-making
- How to separate business succession from inheritance through estate planning
- What to do if no family member is ready — from mentorship plans to external leadership options
Don't let fairness to family come before the health of the business you've built.
Read the full article on the EMC Newsroom:
https://hubs.li/Q04lDk0g0