Perpetuating the Family Business (Governance)

Also known as: Family Business Governance · Parallel Planning

Continuity comes from deliberate governance that plans the family and the business in parallel.

Lays out the practices — family councils, boards, policies, and parallel planning of family and business futures — that let family firms survive across generations rather than succumbing to the usual three-generation decline.

Core concepts

Family Council & BoardParallel PlanningFamily Governance Policies

Best when

Multiple family members and no rules for decisions
Planning a multi-generation handover

Watch-outs

Requires family willingness to formalize