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Succession Journeys
With statistics indicating that an unprecedented number of family businesses will be changing hands in the next decade.
Communication
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Independent directors in the middle
Whether they like it or not, outside directors on a family board often confront and must deal with succession issues.
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Why families don’t empower leaders
Reluctance to grant authority to siblings and cousins can paralyze the best-designed governance structures.
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High flyers on the small screen
Sex! Scandal! Crime! Money! Good guys and bad guys and plenty of conflict between them.
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The pursuit of self-interest undermines trust
Why do people in a family business often risk destroying their bonds.
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When the generational planets are misaligned
The psychological needs of parents in their 40s and of successors-to-be in their 20s are often on a collision course.
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Every family gets the In-laws they deserve
Owners are quick to blame in-laws for tensions, ignoring their own contribution to the problems.
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Equal isn’t always fair
Parents want to be fair to all their children. When their offspring work together in the business, it isn’t always easy to figure out the best way to do it.
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Using the business to reconnect with family
Entrepreneurs in middle age may embark on misguided efforts to repair the emotional damage from the past.
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