Why do some professionals hesitate to join family businesses? This Financial Times article explores how family-owned firms compare with non-family companies as employers, drawing on key insights from the 2026 IESE-ECGI Corporate Governance Conference, held at IESE’s Madrid campus in May. The “surname ceiling” holding back family companies
When meritocracy meets bloodlines: the family business succession trap
Our next CEO will be chosen based on capability. We’re professionalizing our leadership. In our company, board seats are earned. Statements like these are common in the realm of family-owned firms, signalling how strongly they value the language of merit. Yet the lived reality often tells a different story: appointments seem predetermined, performance standards become […]
Family members in leadership roles: when emotions eclipse meritocracy
The roles that family members want, can and should play in the family business is a central issue that firms need to address as they evolve and new generations enter their leadership ranks. Yet emotions can blur objectivity and unduly influence the decision-making process. Emotions can also run high in families, which makes decisions in […]