For many small and medium sized-businesses (SMEs) it’s the getting started which seems hard. But many find that after their initial success, planning for a transition to the next generation and a successful exit is just as challenging. In our big interview this month Steven McKenna FCCA, best known as the transformational CEO of Sherry FitzGerald Group, explains how his next move is using the corporate knowledge gained with Ireland’s biggest property specialist to help SME owners develop their strategic planning and direction.
And what of the multinationals and other large companies which also need to find new people to fill the often big shoes of a departing leader? Columnist Ian Guider argues that the way a long-serving CEO is replaced says a lot about how a company views its future.
One approach to succession planning that has been growing in popularity is to hand the business on to the group who know it best – its workers – by setting up employee ownership trusts. But as AB explains, recent Budget changes have dented some of their tax advantages.
At whatever level of work, very few nowadays would expect to receive their pay packet in notes and coins, but monetary diversity remains a critical issue. We take a look at the rise of the digital euro, alongside government initiatives designed to ensure Ireland’s cash infrastructure network continues to offer sufficient and effective access to cash across the State.
And if the first signs of spring are encouraging you to think about opening up your career path, we have an article on how professionals are reimagining their working lives with options including micro-retirement and mid-life sabbaticals, plus a look at ACCA’s Leaders of Tomorrow programme, designed to equip recently qualified members with the skills to be the finance leaders of the future.
Further information
See the other regional editions of AB:
