For family businesses, there is no one-size-fits-all approach to governance and advisers need to understand each family’s unique values and ownership philosophies before attempting to implement specific governance structures. Thanks to Marta Widz and Benoît Leleux from IMD for illustrating this point by sharing two cases where the family businesses have divergent ownership philosophies but have both excelled in their governance practices.
The Family Business Paradox: A review of the Edelman TRUST BAROMETER special report: family business
Prepare to be surprised when you read this week’s article by Justin Blake of Edelman. It’s a cautionary tale on perception vs reality when it comes to trust and the family business.