The Consularis Continuity Assurance Plan
Have you properly arranged what happens if something happens to you?
We often say that no one is indispensable — but does that really apply to the managing director or key managers? The question “What if something happens to me?” is occasionally raised, yet the answer is often postponed to next year, and then the year after.
In practice, the managing director often turns out to be critical to day-to-day continuity. This is usually because essential matters are not formally secured in case of a temporary absence, or worse, a permanent loss. Think of practical issues such as payment authorisations, signing powers, passwords, informal agreements, and all the operational knowledge that sits with the director personally. But also: who is actually in control, and who can legally and effectively step in? What happens to the shareholder structure in case of an unexpected death? Are there wills, shareholder agreements, or family governance arrangements in place?
A structured and up-to-date continuity plan is therefore essential.
The Consularis approach is a practical, structured review carried out together with you. We map what is properly arranged and what is not, across a range of realistic scenarios. We then define the desired situation and the measures required to get there. This may result in actions within the company as well as in legal, financial and tax areas. Where needed, your existing advisors — such as your notary or accountant — are involved. Your Consularis oversees the process to ensure all elements are aligned and nothing falls between the cracks.
It is good practice to review and update such a plan every one to two years. As a director and shareholder, you carry a specific responsibility towards your family, your employees and the long-term continuity of the business.
