Commentary #1 on Professionalizing the Business Family (A research report sponsored by the FFI 2086 Society)
This week, we are pleased to share the first in a series of commentaries by members of the FFI 2086 Society about a recently released report sponsored by the group titled, “Professionalizing the Business Family: The Five Pillars of Competent, Committed and Sustainable Ownership.” Thank you to Patricia Annino for kicking off this series by sharing her reactions to the report’s findings and integrating real-life examples from her own professional experience.
We hope you’ve been enjoying the FFI Practitioner articles, interviews, cases, and research published on a diverse set of topics during the first half of 2019. In this week’s edition, we’re pleased to count down the Top 10 Most Popular editions from the first half of the year!
How can family advisors help their clients when they are so enmeshed in conflict that they seem to have erected impenetrable barriers? According to this week’s contributors, Mitzi Perdue and Amy Castoro, advisors can utilize three communication techniques to break down these barriers and address the underlying causes of the conflict. Mitzi and Amy have illustrated these techniques with an instructive case study that can be shared with clients.
We hope you’ve been enjoying the month-long FFI Practitioner series dedicated to the theme of “Reflections,” which concludes this week with a piece by Paul Chung and Chin Chin Koh. In this article, the contributors reflect on the ancient Chinese Mid-Autumn Festival and explore its parallels to family enterprise.
In this week’s FFI Practitioner, Bruce Walton of Battalia Winston addresses the question of how Investor Relations differ in family-owned businesses. His conclusions, based on interviews with accomplished governance leaders, fall into three common themes – communicate, educate, and “mechanate.”
Today’s Edition kicks off a month of FFI Practitioner articles based on the Global Conference theme – Family Business: Electrifying.