Hiring non-family executives helps ensure longevity, but it requires strategic finesse. In this article, Morten Bennedsen from INSEAD...

The succession of a family-owned business is often on the minds of its owners. For most, the transition of a family business from one...

Hearing about embezzlement in a public company rarely shocks anyone, but when it happens in a family business, people are often stunned....

A practical insight into some of the questions that need to be considered when creating a constitution. The best way to start creating a...

Over time a Family Constitution can gain such moral weight that contradiction becomes unthinkable. Bryony Cove and Sonal Shah of Farrer &...

In-laws hold a unique position in family businesses. This may be said for both in-laws who work within the business and those who, for a...

Making a success of succession is not, by any means, impossible as Marc Farror explains. Like all businesses, family ones have to deal...

There are plenty of benefits of having the next generation work outside of the family business for part of their career progression....

Social intelligence, a slippery concept that is nevertheless crucial to family business success. Your reputation is your biggest asset....

As family businesses passes from one generation to the next, there is the inevitability that the number of shareholders will increase....

When cultural traditions and interpersonal relationships coincide, businesses start acting in irrational ways. The world knows that...

It is often said that the first generation creates the wealth, but that it is the second generation that creates the legacy. In an...

Historically daughters were not considered for succession into ma­n­a­­gerial positions in family businesses. Gender used to be a main...

Family businesses are certainly not immune to difficult economic times. But they usually have more options than publicly owned...