Keyman Risk - What Happens if the founder dies?

Keyman Risk - What Happens if the founder dies?

Business Daily

PHOTO | SHUTTERSTOCK By CAROL MUSYOKA More by this Author Last year, I had an interesting chat with the CEO of a large bank in Tanzania about its role in helping family-owned businesses adopt governance standards. If the founder appointed his son as a director and gave him active management responsibilities, the bank would reduce the interest rate. Joe had extended the credit to Mary on the back of his own credit record with the manufacturer of the goods.

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