[Year]

Villagers Montessori
College

Succesion Plan

REVISED 2019
ARJOHN LASCANO
 Villagers Montessori College Succession Plan

The Succession

Rationale

It is important for an organization to prepare a succession plan to ensure

that the operation would go smooth even if the current administration
would be gone. A good succession plan creates a smooth transition between old
and new ownership and reduces disruptions to your business when you’re away.

Business & succession details

Business name: VILLAGERS MONTESSORI COLLEGE INC.

Business structure: Educational institution, Non-Stock, Non-Profit Corporation

Current owner(s) covered: Board of Trustees, Key personnel

Planned succession type:

There are two phases on the succession of powers. In the first phase, the
succession of positions would be partially implemented. During the transition, the
former administration would act as a consultant to the current head and would
still be part of the decision making. The next phase is the full implementation.
The full operations would be handled by the successor.

Succession timeframe:
First Phase: During the first 2 years of the Succession
Second Phase: 3rd year of the succession

Restrictions:
The Board of Trustees will be the one to implement and decide on the succession.
 Villagers Montessori College Succession Plan

Proposed organisation structure

CEO

BOT

PRESIDENT

EXECUTIVE VP

VP for Academic Affairs SVP Admin & Finance

 Villagers Montessori College Succession Plan

Key personnel changes

Job Title Name Skills required Training required

CEO Vacant Finished Doctorate on On the job coaching.

the related field and at Formal training in
least 10 years management.
experience

President Vacant Finished Doctorate on On the job coaching.

the related field and at Formal training in
least 10 years management.
experience

Executive Vice Vacant Finished Doctorate on On the job coaching.

President the related field and at Formal training in
least 5 years management.
experience

SVP for Vacant Finished Doctorate on On the job coaching.

Administration the related field and at Formal training in
and Finance least 5 years financial management.
experience

VP for Academic Vacant Finished Doctorate on On the job coaching.

Affairs the related field and at Formal training in
least 10 years Education Management.
experience

Registration changes
Registration transfers: NO Registration changes required

Change of business structure: Villagers Montessori College will remain as a non-stock,

non-profit corporation

Legal considerations
Contracts/legal documents: Existing contracts entered by the previous administration
would still be honoured unless revoked by the incoming administration due to
fraudulence.

Buy-sell agreement: All Buy and Sell agreements should be approve by the Board of
Trustees

Will/testament: Will and testaments would be honoured by the current administration.

 Villagers Montessori College Succession Plan

Succession timetable

Phase Succession action items Start date End date

Phase 1 In this phase, The former heads would After 2 years

Partial act as consultants and would still be Retirement after the
Succession involved in the decision-making and succession
creation of policies

Phase 2 In this phase, Full control of the 3rd year of Until

Full business would be given to the operation Replacemen
Succession successors. t/Retiremen
t

The Finances
Retirement income/payment
Retirement Income would be given to the previous administration subject to change.

Sale details
All sales transaction of Villagers Montessori College should be reviewed and approved by
the Board of Trustees.

Taxation
Taxes incurred during the sale would be shouldered by the buyer.