
The Choice to Stay Begins with the Option to Leave
A family shareholders’ meeting. A cousin in her forties, who has held shares for almost twenty years and has never worked in the business, waits
Every LGA article represents the authentic insights, strategies, and first-hand experience of our global advisory team. Client scenarios are drawn from actual advisory engagements and anonymized to protect confidentiality. Furthermore, each article undergoes rigorous internal peer review to capture our collective wisdom and deliver actionable strategies for enterprising families committed to multigenerational success.

A family shareholders’ meeting. A cousin in her forties, who has held shares for almost twenty years and has never worked in the business, waits

In a family business, conflict is often perceived as a threat to the family’s very core. When siblings disagree, or when parents and children argue about the business, the stakes go far beyond strategy or finances. The deeper fear is that the relationship itself may crack. The possibility that a disagreement could damage the family creates real, often overwhelming anxiety. It can feel like there’s no safe way forward.

Sometimes, the most dangerous moments in the life of a family business are actually the quiet ones. The moments where everyone is smiling around the holiday table, but beneath the surface, unspoken tension simmers. We tend to think that silence is a sign of harmony, but when it stems from the fear of raising explosive topics, it is not harmony, it is a ticking clock.

I tried to watch the award-winning HBO series on numerous occasions, stopping repeatedly, not because it wasn’t brilliant, but because it was brutal. The cynicism, humiliation, and constant power games felt too extreme. For anyone working closely with multi-generational family enterprises, this world of perpetual chaos and zero-sum power felt not only far removed from our reality, but was also a painful mirror reflecting everything that causes a family enterprise to fail.

Jeremy Cheng explains in an article published by Bloomberg magazine why the Lui family, an enterprising family in Hong Kong did a good thing in laying down a plan for succession before the patriarch’s death.

In light of the many crises that haunt the daily news cycle, there is one segment of the corporate landscape that seems to be weathering the storm better than most: family businesses.
Ashley Blanchard talks about how philanthropic families around the world experienced the pandemic and how philanthropy has changed.
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