Due Diligencer’s takeParental legacy is often lost when family members assert their right as heirs to the throne. A corporate charter that provides for a peaceful management succession in a listed company could be the solution. As a matter of precaution, company owners may want to include a provision on succession in the by-laws of their corporations. Listed companies suffer more if they do not adopt such a provision on management transition. Public investors may want to know, but may be afraid to ask, from not only one particular company but all listed companies.

Source: Manila Times December 19, 2017 18:00 UTC