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Next generation Tag

For family enterprise advisors, engaging passive shareholders is often framed as a governance challenge.

In this week’s Practitioner podcast, Martha Frick Symington Sanger, great-granddaughter of Henry Clay Frick, explores how family trauma can live on through stories, silences, and the objects passed from one generation to the next.

As an advisor working with family enterprises, it is important to recognize when ownership begins to feel like an obligation rather than a choice for next-generation members.

This week, we are pleased to continue our series of commentaries on “Professionalizing the Business Family: The Five Pillars of Competent, Committed and Sustainable Ownership” – a research report supported by the FFI 2086 Society.

The month-long FFI Practitioner series of pieces relating to the theme of “Reflections” continues this week with an article by the co-chair of FFI Practitioner editorial committee, Jamie Weiner. In this article, Jamie reflects on his own experience growing up with a father who was a “giant” in his community and explores the importance of creating rites of passage for next gen family business members to create their own identity and find their voice when succeeding a parent who is a “giant.”