What will the bank or fund do if a company's management team does not have a succession
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Question:
What will the bank or fund do if a company's management team does not have a succession plan in place?
The bank or fund will not lend to the company
The bank or fund may require key person insurance to mitigate key person risk
The bank or fund will require additional collateral to mitigate key person risk
The bank or fund will not be concerned about the lack of a succession plan
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