Lessons on Governance: Pruning the Tree or Inclusion
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.
Perceived Self-Interest in the Family Business: An interview with Kirsten Taylor-Martin
For this week’s FFI Practitioner, we are excited to share an interview with Kirsten Taylor-Martin about a major piece of research recently conducted by Grant Thornton. The interview, which includes useful tips and insights for advisers working with next gen family members, was actually conducted by a next gen member of Kirsten’s family - her daughter, Angelina Martin!
Research Applied: FBR Précis for FFI Practitioner
Thanks to Alberto Gimeno of the FBR Research Applied Board for his thoughtful précis of “Family Constitution and Business Performance: Moderating Factors” – an article that appears in the December 2017 issue of FBR.
Best Candidates Expect Best Practices
When family businesses recruit outside executives, “A-level” candidates expect best practices within company governance and the search process.
A Journey of a Thousand Miles Begins with a Single Step: Learning from 100 year family enterprises
This issue is a précis of an August 2013 research paper by Dennis Jaffe entitled “Good Fortune: Building a Hundred Year Family Enterprise.” It includes a summary of some counterintuitive results as well as helpful suggestions for practitioners.
Structure and Integration: The Architecture of Succession
This week’s edition of The Practitioner addresses the transitions involved in family enterprise succession and describes how two structural techniques often employed in family enterprise.
Best Practices for Family Owner Governance? Research Provided and Opinions Wanted!
This issue of The Practitioner features a blog, based on an article, based on an upcoming book – all on the topic of Family Owner Governance.
Fighting for the Crown: The father/son relationship in first generation family enterprises
This week the Practitioner features an article by Moveed Fazail, Founder & President of International Family Business Group (IFBG), on the age-old topic of father/son relationships in first generation family enterprises.
The Roleski Constitution: A Young Company’s Desire to Keep Family Firm over Generations
This week’s article by Jacek Lipiec, assistant professor at the Warsaw School of Economics, describes the process by which Firma Roleski developed a family business constitution.
Family Business Governance: A never ending challenge and a new area for research?
Family Business Governance: A never ending challenge and a new area for research? Prof. Wolf Nietzer, MBA, LL.M.
Take A Seat…Cautiously!
In this week’s guest article, contributor Randy Waesche discusses how advisors should be aware of the fiduciary responsibilities they face when taking a seat on the board of a company they advise.