Many experts and executives say family-owned businesses often lack succession plans and sound governance, with too few independent directors in place for proper oversight, risking the companies’ legacies in the next generation.read more
When Image One Facility Solutions franchise owner Eric Davis goes on vacation, he knows his business is in good hands. That’s because he turns business over to his son, Gregory Pratt.
What happens when keeping it in the family puts the business at risk?
Are you in a family business? It seems like the answer to this question is obvious, but some people actually might not know. What exactly constitutes a family business?
Rising concerns over fragile marriages among the younger generation have compelled many business families to create various structures to protect the family wealth, top family consultants and lawyers say.
This book will help HR managers and founders/owners develop a formal process within the company and also provide insights from family firms on how to manage sensitive topics ranging from family member compensation; family member appraisal, etc., and serves as a guide to HR managers struggling to get a "seat at the table" in family firms.