Dirty Little Secrets of Family Business by Henry Hutcheson

Dirty Little Secrets of Family Business by Henry Hutcheson

Author:Henry Hutcheson
Language: eng
Format: epub
ISBN: 9781626342613
Publisher: Greenleaf Book Group
Published: 2016-06-28T16:00:00+00:00


Overall, the keys to successful incentive plan implementation include:

selecting the corporate goals to measure and reward,

selecting who can participate,

selecting a plan and measuring its impact, and

communicating the benefits to the participants.

A properly executed long-term incentive plan will enhance the overall value of any family business and serve as a tool to reward and retain key nonfamily executives throughout their career.

1 Information by Luther Lockwood, Managing Principal, MBL Advisors, Inc., A McColl Bros. Lockwood Company, www.mbl-advisors.com.



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