Tag: Family Business Governance

Here Are the Next Gen's Biggest Worries

Many want to know where they will fit in the family enterprise; how the wealth will be divided; and how the business will be governed as the family grows in complexity. Dann Van Der Vliet, Executive Read more

Are the 'Best Practices' All Wrong for Your Family Business?

The best processes and systems come not from outside advisers and experts, but from how families actually live, relate to one another, and make decisions. Family businesses are more than economic Read more

A Family Council Can Help Larger Families Stay Connected

Consider one if your family business has 15 or more relatives involved, or multiple generations. Many family firms wonder about whether they need a family council: a group that helps ensure that Read more

Nonfamily CEOs Are Most Vulnerable in the Middle Stage of Their Tenure

Family businesses tend to give all CEOs time to prove themselves, but are tougher on outsiders who don’t deliver results after a few years. EDITOR’S NOTE: This article was produced in partnership Read more

Tariffs, Turmoil, and Family Tiffs: Navigating the Current Chaos

You can support your business through economic uncertainty and maintain unity and commitment. Multigenerational enterprising families are not easily shaken. Over decades and sometimes centuries Read more

ESG Essentials For Family Firms

‘ESG is an existential issue. Businesses that don’t demonstrate their commitment to sustainable practices could be punished by consumers, the media and even regulators.’ These are the words of Read more

Family Firms Prosper When Shareholders Think Like Trustees

A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations. Business families with many shareholders and family members who have remained Read more