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January 2026

Succession in family enterprises is rarely just a legal or financial event—it is a test of leadership readiness, legitimacy, and continuity. Increasingly, research suggests that philanthropy can play a meaningful role in meeting these challenges.

In the first article of a new series from the Family Firm Institute Virtual Study Groups, Paul Edelman and Nuria Lasheras Mayoral of the Mediation Group examine how a second-generation family enterprise used mediation to navigate a leadership crisis, repair strained relationships, and strengthen strategic decision-making.

Change initiatives in enterprising families rarely fail because of bad ideas or lack of commitment.