“Governance distributes power in family-owned businesses.”
When a family business matures, transitions to the next generation, or passes leadership to managers outside the family, a perilous period begins. At that point, differing views, interests, and positions suddenly become a major source of tension for the company’s future, family cohesion, and the family’s collective wealth. It is wise to have already developed and formalized a modern governance structure in advance.
In this podcast, Germany's leading governance expert on family businesses explains what these might look like and how to develop them.
*Video only in German
