Ownership & Management: Defining the Roles

Ownership & Management: Defining the Roles

Scenario: A Challenge to Legacy Paul Sr., a true entrepreneur, spotted a need in the marketplace for a well-made wicket. Little did he envision the wild success of his enterprise.  With this success Paul Sr. realized he could provide employment for his offspring and...
Family Sparklers: Engaging the Next Generation

Family Sparklers: Engaging the Next Generation

Picture yourself on the Fourth of July as a child “back when,” holding an unlit sparkler with great anticipation. Once lit, the sparks flew everywhere and all too quickly died out. That is, they died out… …until you figured out that you could keep the...
Case for Family Governance

Case for Family Governance

So what IS family governance?  First, governance, in general, is the steering mechanism of an organization. Its goal is to provide what I call a clear 3-D vision:  the three objectives on which governance should focus: Definition: Creating and encouraging a suitable...