Family businesses are often seen as a unique blend of personal relationships and professional endeavours. The dynamics within these organizations can be complex, especially when it comes to decision-making. Who really has the power to influence and shape decisions in a family business? The Family Dynamics At Play In a family business, the lines between personal and professional lives are often blurred. Family members involved in the business may have longstanding relationship

Family businesses often face unique challenges and opportunities compared to their non-family counterparts. One such challenge is the decision of whether to invite non-family members to join the Board of Directors. While this move can bring valuable expertise and fresh perspectives, it also carries inherent risks that must be carefully weighed. In this article, we'll explore both the risks and rewards associated with inviting non-family members onto the board of a family busi

Family businesses are renowned for their legacy and continuity, often spanning multiple generations. As the torch passes from one generation to the next, the role of non-family CEOs and Non-Executive Directors (NEDs) becomes increasingly vital in preparing the rising generation for leadership roles within the family firm. These seasoned professionals offer mentorship, guidance, and a fresh perspective that can help bridge the transition gap and pave the way for a successful s

Business owners often underestimate the impact their death or incapacity will have on the short-term continuation of their business. In...

A good Board Chair understands they are a facilitator to achieve the best outcomes rather than a ‘commander.’ They listen more than they...

The media coverage of “The Great Resignation” has raised the profile of the ongoing and critical role of the board in succession...