Talking about business over family meals is not the same as having a family business governance plan. The most successful family businesses adopt a level of formality above and beyond occasional family gatherings.
The article “The Truth About These 3 Family Governance Myths,” by Anna-Lisa Laca in AgWeb, powered by Farm Journal, discusses common misconceptions about governance in the family-owned agriculture business.
Bill Weigand provides strategic counsel to businesses, particularly in the food, agribusiness, manufacturing, and distribution industries. Many of Bill’s clients are multi-generational, family-owned businesses. Contact Bill at 206.757.8164 or BillWeigand@dwt.com.