The Harvard Business Review is hosting a complimentary webinar, Managing the Trickiest Parts of a Family Business, on March 9, 12.00 PM. The summary is as follows:
Serving on any board is hard. But being a board member of a family-owned business is even harder. That’s because there can be conflicting agendas and taboos that family members want to avoid. Yet avoidance doesn’t work and can undermine a board’s effectiveness.
Learning to work through uncomfortable issues constructively is one of the biggest challenges and most important issues that boards of family businesses face. To understand how best to work through these issues, Jennifer Pendergast, professor of family enterprise and executive director of the Center for Family Enterprises at Kellogg School of Management and German Herrera, a partner at Egon Zehnder and co-leader of the global family business practice interviewed directors from family-owned businesses across the globe.
On March 9, in a live, interactive Harvard Business Review webinar, Pendergast and Herrera will share what they learned from their interviews as well as insights on how boards of family-owned businesses can effectively deal with their most important issues including:
•CEO succession and next-generation talent development
•The importance of agreeing on rules, before they are needed
•Compensation for family members
•Dealing with underperforming family executives
They will share effective practices and lessons learned from real-world case studies and describe the skills and courage needed by board members in dealing with these pressing issues.
For research-driven insights on managing the trickiest parts of a family business, join Jennifer Pendergast, German Herrera, and HBR on March 9.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.