Family leaders must have the courage and stamina to create an inclusive, participative, and results-driven culture in the family and business, supported by the right policies and systems. Such a foundation will set the stage for a family legacy which both sustains across multiple future generations, and grows along the way with each group driving growth and diversification and making its own mark.
“Moments of crisis can bring families together or they tear them apart – the choice is ultimately theirs…”
Why is it hard to find good successors? We believe that the root issues occur earlier in the lives of next-gen members, linked to the manner in which they experience their family’s wealth and legacy during adolescence and early adulthood.
Nicolas Hollanders explains what it means for family business owners to be engaged with the project.
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.
Tools for the next generation to approach the retirement conversation tactfully with patience, strategy and smarts.
This article presents a systematic review of the literature on the subject of family philanthropy.
In principle, everyone in a family business, from shareholders and board members to executives and employees, has a right to their own politics.
Business families naturally invest in professionalizing their management group, often without realizing that their ownership group requires as much attention.
Families increasingly use entrepreneurship funds to finance and benefit from new ideas among members.
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