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Who is Going to Take Care of the Family Business
Tuesday, October 02, 2007
Family council the right forum to navigate to next generation
Establishing a family council is one of core elements in succession planning to close the gaps between patriarchs and descendants and sustain the success of family businesses.Succession planning, or preparing to pass the torch from one generation to the next, has become increasingly important for family businesses, especially for those that have grown over one or two generations into substantial corporate entities. However, many risk serious problems or even failure during the transitional period from the ageing founders to the next generation. Read more...posted by Charles Monat Associates at 10:38 AM
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