What would happen to your company if the CEO or owner was suddenly gone?

According to the "Boston Globe," more than eight out of 10 family businesses have no succession plans and the Council for Smaller Enterprise in Cleveland, OH, reports that up to 80% of private businesses do not have a plan for the future of the company.

Womble Carlyle lawyer Dorinda Peacock took part in a panel discussion titled, “Succession Planning - Strategies Every Business Needs.” The discussion was presented by the Association for Corporate Growth’s Raleigh/Durham Chapter and took place Oct. 12.

Dorinda Peacock is an experienced corporate and securities attorney who focuses her practice on corporate sales, acquisitions, finance and general corporate law. She practices in the firm’s Raleigh, N.C. office.