Profit and perpetuity are the primary objectives of every family business. As the generations grow, owner-families need to balance the conflicting demands of family, business, and ownership in order to accomplish these objectives.
As trusted advisors, we work with promoters and business-owning families to build a culture of governance and transparency. Through our Family Governance development process, multi-generational members can synergize personal and business interests, discuss sensitive issues without being judgmental, and plan for the family's future well-being.
We assist owner-families and promoters to:
In a family business, passing the baton to the new generation is not just about transferring ownership and leadership, but also about preserving family values and legacy. As the next generation enters the workplace, tensions may arise concerning their roles, expectations, and performance.
Our objective is to empower next-generation scions to take on new responsibilities, make prudent decisions, develop capabilities to preserve family business legacy.
We work with multi-generational owner-families to:
Every owner-family has its unique way of communication rooted in the family culture. Communication among family members fails and conflict occurs when there are divergent interests, feelings of frustration, or concerns about the future among the members.
Conflict management is a critical component of ensuring the continuity of a family-owned business. We assist families in managing conflict effectively. Our advisors structure solutions to facilitate the resolution of irreconcilable differences within the family and with stakeholders.
We take a holistic approach to resolve conflict: