Cousins in Charge: Managing Conflicts and Driving Success in Multi-Generational Family Enterprises

WEEKLY EDITION • October 9, 2024

Family enterprise advisors play a crucial role in guiding their clients through an ownership transition from a sibling partnership to a cousin consortium. As ownership moves to a group of cousins that is potentially much larger and more diverse than prior generations of family co-owners, advisors may need to introduce new strategies to help their clients resolve conflicts, make decisions, and formalize governance structures. In this article, Chirag Baid and Bharathi V discuss the unique challenges of this ownership transition and suggest tactics for family enterprise clients who are transitioning business ownership to a cousin consortium.