Family businesses form the backbone of many economies, contributing significantly to employment and GDP. However, managing the intricate...

Multigenerational family businesses are the bedrock of many economies, combining the strengths of tradition and innovation to create...

As the dynamics of family and business relationships grow increasingly complex, families can benefit from creating a formal 'family...

Only 40% of family-owned businesses reach the second generation, 13% get to the third, and just 3% are passed down to a fourth generation...

Family businesses have been the backbone of economies worldwide, blending personal relationships with professional pursuits. However, as...

For family businesses to be successful and long-lasting, stewardship is crucial. It is a key characteristic of businesses that attain...

On 22 April 2021, the European Confederation of Directors Associations published its updated Corporate Governance Guidance and Principles...

Family businesses are often seen as a unique blend of personal relationships and professional endeavours. The dynamics within these...

With almost 300,000 family businesses representing a staggering 83.9% of private businesses in Scotland, it is understandable that they...

While every family business needs to plan for the future, conversations about what this means in practice aren’t always easy. The Logan...

The CEO and Chairman of a family business play distinct yet interconnected roles within the organisation, shaping its governance and...

Family council serves as a crucial forum for fostering communication, unity, and collaboration within a family unit. Its underlying...

Research regularly shows that many family businesses do not have in place formal arrangements regarding their relationships as owners...

Family business chairman plays a pivotal role in steering the course of the company, balancing familial ties with corporate...

The evolution of a family business is a fascinating journey that often begins with a visionary founder. In the early stages, the...

Family business owners often see their business as “the additional family member at the dining room table.” Preparing a family charter...

A family business charter or code of conduct, can be the key to successful family dynamics and business endeavors. Many families in...

In business as in marriage, planning for unseen circumstances can help make potential obstacles easier to navigate for co-founders. For...

News stories in the media about poor leadership and a toxic culture at well-known organisations are becoming increasingly commonplace....

Governance in family businesses plays a crucial role in determining their potential for long-term success and sustainability. Unlike...