Leading in a family business

Family Business Partner organized a fantastic seminar on leading in a family business.

Roy Richards, adjunct professor at IE Business School and Chairman of the Board of his own family business Southwire, US presented a highly engaging and insightful day.

Here are some of the aha-moments for our participants:

- its about money, but also about the family relations. You cannot separate them.

- its good practice to separate company from family office from family owners.

- Shareholder statements with a summary of what shareholders want are a good practice to give to the company

- family businesses need to design the right setup, which requires to make hard choices - everyday

Successful family companies do these things really well:

- Agreed Shareholder expectations

- Engaged Owners

- Carefully Planned Succession

- Reliable exits for those who wish

- Strong, independent boards