For family enterprises, the process of transitioning from one family leader to the next can be a time of trepidation and uncertainty, excitement and optimism, or perhaps a combination of these and other emotions. In most cases, the fate of the transition is determined by how well the business, board and family have prepared.
As we’ve shared throughout this series, a well-run family enterprise is grounded by a solid governance structure, which guides the business, the family and ownership on many…
