The most amazing thing that family businesses can provide to rising generation members is a head start on being ready to step into a board role. Its one of the many non-financial training opportunities that are unique to generational families and those who educate early tend to be able to weather transitions quite well.
Agreed. Also puts pressure on the family to have more than a BINO (Board in name only) and actually have functional governance structures that are doing the real work of governance
The most amazing thing that family businesses can provide to rising generation members is a head start on being ready to step into a board role. Its one of the many non-financial training opportunities that are unique to generational families and those who educate early tend to be able to weather transitions quite well.
Agreed. Also puts pressure on the family to have more than a BINO (Board in name only) and actually have functional governance structures that are doing the real work of governance