Family governance is a term used to describe the structured way that high-net-worth families guide their relationships with the family business. With many companies requiring multiple generations to work together, solid succession planning can strengthen family relationships, family members’ connections to the business, and the business itself.
Unique Challenges of Family-Owned Businesses
Family-owned businesses face unique challenges. Beyond financial intricacies, events like generational transitions or external crises can trigger disruptions inside the family business. Family dynamics can also derail strategic plans. Balancing these events with family values through family governance and preserving the company for the next generation can be quite a juggling act.
Family dynamics can also derail strategic plans.
Balancing these events with family values through family governance and preserving the company for the next generation can be quite a juggling act.
How CCA Advisors Can Help With Your Family Business Succession Plan
Cendrowski Corporate Advisors regularly engages with family businesses to provide family governance and succession planning. We specialize in working with family enterprises—both large and small—to help them create family governance structures for sustainable long-term success. Our trusted advisors help our clients navigate the complexities of family business to minimize disruptions and maximize profits.
A well-developed family business governance structure can serve both the family and the business by providing a framework for managing decision-making, conflict, and communication.
What Family Offices Can Learn from PE’s Low Cash Position
In this video, Harry Cendrowski talks about the delicate balance between portfolio allocations, valuations, and liquidity considerations, shedding light on the strategic challenges facing family offices in today’s investment landscape.
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In this video, Harry Cendrowski discusses the strategic advantages and potential pitfalls of adopting distinct investment approaches in the ever-evolving landscape of private equity and venture capital.
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Discover the nuanced landscape of global private equity investments as we delve into regional dynamics and investment strategies in this video, featuring Harry Cendrowski.
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