Research Details

Abstract

irectors on the board of family businesses face some unique challenges. Family owners often don’t share the same agenda, and interpersonal dynamics are much more complicated, which can make discussions of CEO succession, compensation, and underperforming executives messy and emotionally fraught. Though tackling these issues may be uncomfortable, family boards cannot afford to treat them like taboos. In this article, the authors draw from interviews with directors of family businesses to offer advice on navigating these sticky subjects with grace and sensitivity.

Type

Article

Author(s)

Jennifer Pendergast, Sonny Iqbal, German Herrera

Date Published

2021

Citations

Pendergast, Jennifer, Sonny Iqbal, and German Herrera. 2021. Managing the Trickiest Part of Family Business. Harvard Business Review.