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Governance

April 1, 2003

Family executive teams can be a great way for families to manifest their values and sustain a powerful company. But creating a balanced and well-functioning team demands continual monitoring and attention

Dennis T Jaffe, PhD is professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love, and a founding member of the Aspen Family Business Group.

Family executive teams can be a great way for families to manifest their values and sustain a powerful company. But creating a balanced and well-functioning team demands continual monitoring and attention

April 1, 2003

It is never too late to start planning for succession. The financial/business options for providing what meets each family member’s needs are not as limited as they may at first appear

Justine Ferguson is a consultant with Family Business Solutions Limited and an associate with Wright, Johnston & Mackenzie Solicitors based in Glasgow, Scotland.

It is never too late to start planning for succession. The financial/business options for providing what meets each family member's needs are not as limited as they may at first appear

April 1, 2003

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

Grant Gordon is Director General of the Institute for Family Business (UK).

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

In family business, planning for the future is one of the keys to securing long-term shareholder adhesion to the family project. The family council is arguably one of the principal tools at the disposal of families to help better plan their futures and exercise greater control over the outcomes.

April 1, 2003

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc (“County”) that thrived during a highway construction boom.

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc ("County") that thrived during a highway construction boom. Harold and his wife Gladys equally, as the Reynolds Limited Partnership ("the Partnership"), own the real estate where County conducts its active business. Gladys and Harold have three children: Bill (48), Cathy (44) and Ricky (42).

April 1, 2003

Family owners, and all major shareholders in the family business, need to understand the strategic planning process of their business to sustain the long-term value of their company

John L Ward is the Co-Director of the Center for Family Enterprises at Kellogg Graduate School of Management (USA) and the Wild Group Professor of Family Business at IMD (Switzerland). He serves on the boards of four family companies in Europe and the USA.

Randel S Carlock is Berghmans Lhoist Professor in Entrepreneurial Leadership at INSEAD (France and Singapore) and Opus Endowed Professor of Family Enterprise at St Thomas University (USA).

January 1, 2003

The FBN’s Next Generation Worldwide Meeting proved once again to be a big success, attracting over 400 participants. This year, however, delegates included not only junior family members but also senior family members wishing to learn more about the challenges that will face their offspring

Professor Randel S Carlock is the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership and Director of the Family Enterprise Challenge executive programme at INSEAD. Elizabeth Florent-Treacy is Research Project Manager at INSEAD.

The FBN's Next Generation Worldwide Meeting proved once again to be a big success, attracting over 400 participants. This year, however, delegates included not only junior family members but also senior family members wishing to learn more about the challenges that will face their offspring

January 1, 2003

Jim Waldron, CEO of Capitol Enterprises, an entertainment centre business, is struggling with his son-in-law’s increasingly difficult behaviour.

Jim Waldron, CEO of Capitol Enterprises, an entertainment centre business, is struggling with his son-in-law's increasingly difficult behaviour. Jim owns an entertainment complex with function rooms. Recently, he has expanded the facilities by buying up abutting land and expanding the building complex. At the same time, Jim is concerned about creating a succession plan and this growth has put financial pressure on him and on his plans for retirement.

January 1, 2003

September 11 caught the world by surprise. One year on, the World Trade Center isn’t the only thing being rebuilt – many family businesses have to face tough decisions on succession, sales, hiring and development

Mike O'Malley is a consultant, lecturer and executive coach. He specialises in developing solutions for the relationship problems among business members, outside stakeholders and management.

September 11 caught the world by surprise. One year on, the World Trade Center isn't the only thing being rebuilt – many family businesses have to face tough decisions on succession, sales, hiring and development

January 1, 2003

Family feuds can fester for generations and the conflict may have a disastrously destructive effect on the family and the prospects for its business. Communication and respect are the keys to avoiding damaging family conflicts

Dennis T Jaffe, PhD is professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love, and a founding member of the Aspen Family Business Group.

Family feuds can fester for generations and the conflict may have a disastrously destructive effect on the family and the prospects for its business. Communication and respect are the keys to avoiding damaging family conflicts

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