8 pillars of a professional board of directors

Robust corporate governance systems in family firms shouldn’t be any different than those in well-managed non-family firms – at least in theory. In practice, it’s another story. Boards of directors in family businesses have adjacent psychological and psychosocial dimensions, and disregarding these dynamics can easily lead to tensions among board members. During my tenure as […]

Succession and family vision

Succession is the most critical challenge faced by family businesses since it touches the very heart of family and firm: its foundational bricks and future legacy. It’s difficult because it affects people – predecessors and successors, the company and the owner family – as well as complex since it can impact all three different spheres […]

The family in business

Family businesses always have an owner family as the shareholder of reference. This is the family that defines the company’s purpose and transforms family values into corporate values. This is the family that serves as a beacon of unity and commitment, transmitting a sense of corporate stability and long-term continuity. Hence, the importance of developing, […]

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The family council, a means and not an end

Guest contributor: María Rodríguez García Predoctoral Researcher and Lecturer · Universitat de València Visiting Researcher · IESE Chair of Family-Owned Business The family council as a concept began gaining traction in the 1990s, when consultants and academics highlighted its relevance in terms of protecting the business family’s long-term interests and navigating potential family complexity. Under […]

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