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Family Governance: Organising a Family Meeting

Case Study

Andrew Whiteside and his five siblings, owners of a family business, have staged a semi-annual family meeting to review business results with all blood relatives over 21. With the next meeting coming up, many different perspectives and emotions are starting to appear within the senior and next generation. While some people feel these meetings are very effective, others are concerned that the existing family forum may be creating more problems than solutions because difficult issues, like board seats or family compensation, are not discussed. What can be done to improve communication?

Faculty

Emeritus Senior Affiliate Professor of Entrepreneurship and Family Enterprise