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MSMEs: Covid impact: Why your business urgently needs a succession plan


Synopsis
Given the uncertainties we face; it is wise to plan for a time when you may not be around to lead your business.
iStock
Give an option to a private equity player to buy the equity through a will or to create a trust house which will clear the succession planning ideas.
The ongoing second wave of Covid has left a trail of death and devastation. People have suffered huge losses both on personal and professional fronts. While tales of young children left without parents grab news headlines, the stories of companies where the founder has suddenly passed away because of Covid and left the company grappling for survival is no less worrisome. ....

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Zarin Daruwala appointed Standard Chartered Bank Nepal chairperson


Onlinekhabar
January 8, 2021
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The 34th annual general meeting of the Standard Chartered Bank Nepal was held in Kathmandu, on Friday, January 8, 2021. Photo: Standard Chartered Bank Limited
Kathmandu, january 8
Zarin Daruwala has been appointed the new chairperson of the Standard Chartered Bank Nepal Limited.
The 407th board meeting of the company held on Friday made the appointment. She will replace incumbent Jitender Arora.
Daruwala has been the Chief Executive Officer of Standard Chartered Bank, India since 2016. In a career spanning over 31 years, she has worked across all areas of banking ranging from wholesale banking, agri-finance, corporate finance, corporate planning, investment banking and credit.   ....

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