From Back Office to Executive Suite: The evolving role of the family office
Research has shown that the development of family companies can fall into two, sometimes three, stages.
Research has shown that the development of family companies can fall into two, sometimes three, stages.

Over the past three decades, many business families have formed a Council. The oldest Councils have started asking “What do we do now?”
Although we have long seen philanthropy connected with many family firms, today we are experiencing an acceleration of this practice.

A very small part of the academic research on governance has taken into account family ownership and the special nature of family firm governance.
Only if they deliver services that provide comprehensive solutions.
The transfer of ownership is one of the most significant events in the life of a family business.
Sex! Scandal! Crime! Money! Good guys and bad guys and plenty of conflict between them.

Life gets more complicated in later generations of a family company, as the Blanchards discovered when they tried to set up a process for selecting a new leader.