E05 — Legal Aspects of CEO Succession with Gretchen Lennon
Description
Gretchen Lennon, founder of Lennon Legal, joins Evgeny Shadchnev to discuss key legal aspects of CEO succession.
We explore the importance of obtaining independent legal advice, understanding good and bad leaver provisions, negotiating settlement agreements, the potential tax implications tied to shares and share options, and more.Timestamps
00:00 Introduction
02:31 Hypothetical CEO Resignation
05:06 Unfair Dismissal
08:12 Shares, Options and Taxes
16:36 Getting Legal and Tax Advice
18:37 Negotiating Settlement Agreements
21:59 Post-Termination Restrictions
26:42 Staying with the Business as an ex-CEO
32:16 Rebalancing the Cap Table
37:21 Anti-embarrassment Provisions
40:18 Renegotiating the SHA and the Articles
42:58 The Reasons to Start Preparing Early
47:15 LennonLegal.com
48:03 Final Thoughts and Key Takeaways
Get in touch with Gretchen Lennon at gretchen@lennonlegal.com to get legal advice tailored to your situation.
Find our more about Evgeny's work as a CEO coach at www.evgeny.coach.
Startup CEO Succession: a Founder's Guide to Leadership Transition is out now. Get your copy on Amazon.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit substack.evgeny.coach
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