[Silver Bridge] Volume 5 · Chapter 14 · The Hand That Won't Let Go of the Seal, a Lesson in Succession

1. In Chapter 14 of his book 「Silver Bridge」, the author addresses the difficulty of founders, now elderly, in passing their seal, meaning decision-making authority, on to their children.
2. According to the article, 80.9% of CEOs of small and mid-sized Korean companies with over 30 years of history are aged 60 or older, and the success rate of family business succession is 30%.
3. Successful successions transferred authority in stages over three to five years, and the author suggests beginning to hand it over little by little.

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