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Ownership and Management

Many family businesses may feel they are insulated from the current pressure on improvement of corporate governance but could benefit from the wisdom, experience and family detachment that a non-executive director has to offer

Family business members have a special, emotional attachment to their business and being a consultant to these companies can be a rewarding experience. The best training is experience and a genuine interest in each specific case

There are still very few women occupying the upper management levels in larger companies. Is this due to the difficulty in prioritising between business and family? Being part of a family business could offer a flexible coexistence of both

A while ago I was in the classroom facing around 30 sons and daughters of entrepreneurs, aged between 25 and 30.

A family may fear that their children will use up their inheritance. The best insurance that the money is used wisely is to take steps to make sure that each heir develops passion, values and responsibility so they can lead a fulfilled adulthood and continue the wealth into future generations

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