Succession, leadership transition challenges loom for family-run firms

In five to ten years, expect new faces to run India's largest companies

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Most of India's largest corporations and conglomerates in the near future will see leaders step out of their roles and transition into retirement, making succession a pivotal turning point.  A recent study by Korn Ferry and the National Stock Exchange says fewer than 43 per cent of the boards they have surveyed have clearly identified successors for top leadership positions. There's more evidence of being unprepared. Only a third of small-cap firms have identified successors for top positions.  "The absence of succession planning for leadership ...