Tag: Family Business Governance

6 Questions to Ask Before Creating a Family Business Board

As your family business grows, informal decision-making may no longer be enough. These six questions can help you decide when and how to strengthen governance. For years, every important decision in Read more

Why Family Businesses Shouldn't Always Listen to Wall Street

What Nordstrom, Mars, Dillard's, and Patagonia can teach family businesses about ownership structure. In May 2025, Nordstrom ended more than five decades as a publicly traded company. Members of the Read more

Selling the Family Business? Prepare the Family for What Comes Next

A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. A family signs the sale of the company it built Read more

Build a Family Governance Talent Pipeline Before You Need One

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read more

Can a Family Stay a Business Family After Selling the Business?

A study of German family firms shows that regular, meaningful contact between the family office and the family can preserve shared purpose after an exit. EDITOR’S NOTE: This article was produced in Read more

Why People Risk Belongs on Every Family Business Board Agenda

Boards routinely scrutinize financial and strategic risk. But talent shortages, leadership culture problems, and succession gaps can erode long-term value just as quickly. People risk belongs on Read more

AI in Family Business: Why Brain Capital Is Your Real Competitive Advantage

AI can speed analysis and recommendations, but it cannot build trust or regulate conflict. Here's why Brain Capital -- judgment, resilience, and governance maturity -- will determine whether family Read more

Family Offices Are Expanding Their Role

As family attitudes towards wealth, purpose, and legacy evolve, their offices are doing more than just managing wealth, a study shows. Family offices are no longer quiet custodians of wealth. Based Read more

You're Adding a Board of Directors. Is Your Management Team Ready?

A Ukraine-based family business installed a board to provide structure as it scaled globally. Here's how the owners overcame top managers' fears and won their support. Photo: The International Board Read more

Preparing for the Next Generation Starts with Being Investor-Ready

The most important investor may be your own successors. Investor readiness supports smooth transitions, builds trust, enhances enterprise value, and keeps strategic options open—whether you sell, Read more