Succession can be painful and represents the most critical time for family businesses. Less than one-third of family businesses survive into the second generation, and only about 13 percent make it into the third generation.
Join us to discuss succession between a parent and child, succession between siblings and all elements that need to be part of the family discussion that will impact today, tomorrow and the future of family businesses.
Family dynamics can be difficult to navigate within a family. Try adding a family business to the mix and the results can be family feud! This session will discuss tools and ideas on how to balance the family in a family business inside and outside the business.
What is family governance and how does a family business use it for a tool for harmony? Family governance refers to the structures and processes families use to organize themselves and guide their relationship with their enterprise. When well-designed and properly implemented, family governance can help set boundaries, create clarity and result in greater harmony between family members, a more focused business and easier transitions between generations. To be effective, family governance must reflect the particular culture, dynamic and objectives of the family in question .... so no one plan is the same!