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business management

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Francesco Lombardo on family dynamics, wealth and ’emotional governance’

Advisor helps business families stay together and thrive by tackling destructive feelings that tend to be magnified by wealth

Shareholder agreements are uber-critical to family business. But creating one can be a struggle, and getting it signed might be worse

These individuals are prone to suffer financially when well-intended advice comes solely from siloed advisors, writes Nancy Grouni

Many families have unhappily watched ‘outsiders’ increase their power and stake in the family’s livelihood

Choosing a compensation plan means looking at taxes, of course, but also your savings strategy and even proximity to retirement

As an impartial third party, the FO can help with capital investment and even protect the family from itself

These pacts should be created early in a business’ lifespan, before families grow and things get complicated

As owners look back on how they managed, they might see fault lines. It’s not too late to set a better legacy

Freezing a company’s value is popular during good times, but not-so-good times also work

Some owners ‘justify their hold on power and lack of transparency,’ but what happens if they are suddenly out of the picture?