Livingstone - Business Consultants

How is the loss of a key person prepared for?

If you are on a company board that would be placed in a serious position if your founder or another key person died or left the company, you may wonder how can you help the board prepare for such a possibility. This tutorial will walk you through basics of identifying the types of risk and ways to prepare for such an eventuality so that you will be able to contribute to your board role in this with confidence.

You should purchase this tutorial if:

  • You are concerned the most crucial aspects of the business are only known by the founder or a few key people
  • You are unsure how a board can prepare against the founder or other key people not being available
  • You realise that your business is built mainly around one or a few key people whose departure would be serious for the company
  • The company board you are on has no idea what to do to prepare for the loss of a key person

This tutorial will teach you:

  • What risks and protections that should be taken for the unexpected loss of a key person
  • What possible events can occur and the protection needed before a key person leaves
  • Potential strategies that strengthen the company while protecting it against the loss of a key person
  • What processes need reviewing for a company to cope with the loss of key people
  • How to develop contingency plans for different risks

After you finish this tutorial you will be able to:

  • Advise the board on the serious need to prepare for a key person loss
  • Advise other board members on what a board policy on this risk should cover
  • Help the board to prepare for covering this risk and protect the company

For multiple use rights of our solutions including associated policies we have packages of 5 tutorials inclusive of initial training available. The investment is NZ$6,000.00 plus GST.

The investment for single use rights of this tutorial solution is NZ$620.00 plus GST  and for the each policy by itself is NZ$120.00 plus GST. Supportive training is an additional investment above the individual pricing of the tutorial solution or policy.

Please contact us to discuss your needs so we can ascertain that they will be met by the individual tutorial you are purchasing.

PRICE: $620.00 excluding GST

GOT QUESTIONS?

If you aren't sure if this tutorial is the right one for you, please feel free to send us an email and tell us about your current situation. We'll send you a reply within 24 hours and let you know if it's the right one for you, and if not, which tutorial would better solve the issues you're currently experiencing.

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