Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

October 2009 Blog Posts (4)

EVEN LAWYERS CAN FIND WIN-WIN SOLUTIONS

Negotiations between advisors with different backgrounds can be especially frustrating when these consultants have different “clients.” Family business consultants who view the “family” as their client may have tension resolving problems with accountants who are only concerned with the success of the business or lawyers who see only one family member as his or her client.



Finding common ground under these circumstances is never easy -- what someone may think is good for one family… Continue

Added by henry krasnow on October 28, 2009 at 3:00pm — No Comments

Family Business Leadership Lessons from the Top of the World.

There is perhaps no singular human feat that pushes the individual so close to the brink of survival as summiting one of the world’s highest peaks. Yet ask many family business leaders and they may tell you that leading a family business is often a similar survival experience. I recently had the pleasure of hearing David Breashears (www.davidbreashears.com) speak at the Family Firm Institute’s Annual conference in New York City. Remarkably,… Continue

Added by Dann Van Der Vliet on October 26, 2009 at 5:33pm — No Comments

Trust in Governance

“Trust in governance?”



This is a challenging statement to make in the aftermath of an economic meltdown that has been blamed on systemic failures in corporate and banking governance. In the past 12 months there has been no let up in the demands for more rules and guidelines that some believe could help to mitigate the type of opportunistic management behaviour that results in reduced shareholder returns.



While some businesses will no doubt be subject to more stringent… Continue

Added by Ken McCracken on October 26, 2009 at 4:46am — No Comments

A near death experience

A near-death experience



How a lack of understanding by professional advisers almost killed off a family business

by George Stevenson



Mathiesons is a fourth/fifth generation, family owned bakery and restaurant business based in Falkirk. Two years after I married the younger daughter of the majority shareholder, I was invited to give up my career as a marine geophysicist and join the family firm. Two years later I was managing director. That sort of thing happens in… Continue

Added by George Bruce Stevenson on October 3, 2009 at 10:21am — No Comments

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