KLA is providing a great opportunity immediately following this year’s convention for members looking to build a succession plan for their operation. An informational meeting on the KLA Member Succession Program will take place at 11:00 a.m. November 22 at the Hilton Garden Inn in Manhattan. The meeting will be led by Lance Woodbury, a principal with Pinion—formerly KCoe Isom/Kennedy and Coe LLC.
Woodbury, who grew up on his family’s farm and ranch in Wichita County, specializes in coaching family businesses as they work through the estate and succession planning process to pass on their legacies. Additionally, he facilitates several peer groups of agricultural business owners across the U.S. and teaches family business management at Texas A&M University.
The KLA program is designed to use video-conferencing technology to bring peer groups of members together to learn how others are approaching succession planning for their family operations. Participants will interact during six 90-minute conversations, each facilitated by Woodbury, which equates to roughly one meeting every other month for a year. Small assignments are given between meetings to help move the succession planning process forward for each family participating in the program.
Participants sign “confidentiality commitments” to ensure any information shared is kept private among the group. There is a fee of $1,495 per operation associated with the program. Part of this fee will be covered for each participating operation, thanks to the generous support of Equity Bank, which is sponsoring the program.