How to Address Conflicts of Interest Within Family Business Boards
Family business boards can be inherently burdened with conflicts of interest. Every decision they make attempts to benefit both the company and relatives. Yet, as
Get the latest insights and strategies to help you grow and thrive as a family business.
Family business boards can be inherently burdened with conflicts of interest. Every decision they make attempts to benefit both the company and relatives. Yet, as
If there’s one topic that puts an owner on edge, it’s family business diversity. How can you maintain the spirit of the family with outside
When managing a family business, budgeting often leads to conflict. Specifically, when you’re determining which relatives should pay for certain expenses. Even though a family
As time goes on, the role of the family business council will change. That can occur as a planned intention or as a reaction to
When you’re discussing your family business, education might not be a top priority. However, if you want to see your firm last a lifetime, it’s
A big primary reason for many in starting a family business is the ability to make charitable donations. Many philanthropic organizations begin with entrepreneurs who
All aspects of continuity planning are essential, but effective nomination guidelines are a priority. Without a roadmap guiding you towards your best candidates, you could
Family business changes can happen as founding members step away, and new ones take over. Sometimes, firms have allowed these transitions to become volatile, leading
Not enough companies have contingencies in place for when their founder dies. By then, family business succession planning is too late to save the firm.
Whether you’re just getting started in your family business or you’ve been at it for generations, these resources can help you take your business to the next level.
Positively People is a leading global consultancy firm, focused on ensuring generation continuity in family-owned and tightly held businesses.