The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders
In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc (“County”) that thrived during a highway construction boom.
Family owners, and all major shareholders in the family business, need to understand the strategic planning process of their business to sustain the long-term value of their company
Jim Waldron, CEO of Capitol Enterprises, an entertainment centre business, is struggling with his son-in-law’s increasingly difficult behaviour.
Family feuds can fester for generations and the conflict may have a disastrously destructive effect on the family and the prospects for its business. Communication and respect are the keys to avoiding damaging family conflicts
In family-owned businesses, ownership is uniquely important and influential to the system of governance, where its values and vision are crucial elements in the financial success of the company
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