LHD test





Negotiating succession partnerships.

To

e

nsure smooth decision making and sound governance, family business owners in the second generation and beyond must function as a team, notes the newly released updated

e

dition of

The Family Business Succession Handbook.

This is obviously true when a group of siblings or cousins serve jointly as co-leaders of the company. But, the book notes, a shared vision is also important when there is one chief

e

xecutive whose siblings and/or cousins are owners of the company — whether or not any of them work in the business. Some siblings never let go of their childhood competitiveness. These rivalries can persist into later generations, reappearing as a conflict between family branches. Beginning in the third generation, the governance system must

e

volve to reflect the change in assumptions that go along with an

e

nlarged group of stakeholders.

Here is the issue blurb. Here is the issue blurb. Here is the issue blurb. Here is the issue blurb. Here is the issue blurb.

Featured Blog Entry:
Featured Article:

About the Author(s)

This is your 1st of 5 free articles this month.

Introductory offer: Unlimited digital access for $5/month
4
Articles Remaining
Already a subscriber? Please sign in here.

Related Articles

KEEP IT IN THE FAMILY

The Family Business newsletter. Weekly insight for family business leaders and owners to improve their family dynamics and their businesses.