Glossary of Succession Terms

This glossary is for anyone working in UK-regulated financial-planning business interested in or experiencing either internal succession or external sale of their business, or those acquiring a UK-regulated financial planning business.

G

Good Leaver/Bad Leaver
Categories determining the treatment of deferred consideration, equity or incentives when an individual leaves.

Governance Framework
The structure through which decisions, oversight, risk and accountability are managed.

Group Debt/Acquisition Debt
Borrowing used within a Buyer group to fund acquisitions.

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