A private company with a complex ownership structure and a non-transparent management system faces challenges associated with fast growth and an archaic management structure. The founders recognize some of these, but lack the knowledge and experience to deal with them. The major perceived challenge is to find a replacement for the company's CEO, who has run it from day one and is exhausted. The case demonstrates the different approaches the founders take to deal with the challenge and how the existing governance system restricts their options.
The main objective is to give students the opportunity to see how one the most critical events in any company's history - CEO succession - is dealt with in the context of a fast-growing family business. Students are invited to put themselves in the chairs of the company's founders-directors and make important strategic decisions.
- Corporate governance
- Board of directors
- Family business
- CEO Succession
- Corporate Governance
- Value Creation, Strategy and Implementation
- Succession, next generation