When Succession Becomes Strategy

Published on May 26, 2026

VAB member George Bakos shared with us in January 2026 a new article highlighting the critical importance of succession planning for family business structures and how boards can help guide such transitions and make them run more smoothly. In his text, When Succession Becomes Strategy: How Boards Create Value in Family Businesses, George explores topics such as governance challenges relating to succession, value creation strategies, and risk mitigation.

We invite you to download the full article attached to this post to explore George’s insights in greater depth, and encourage you to share your thoughts with the community.

Article_GBakos_BoardsFO_Succession_1_print.pdf
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