A closer look Family Businesses, Family Dynamics, and Governance

Donna E. Trammell

May 13, 2019

In Brief

  • While most family business owners hope to pass their business on to their children and succeeding generations, many do not manage the transition successfully.
  • The specific reasons for these failures are often unique to each family, but they can typically be traced back to the interaction of family dynamics and business dynamics.
  • Effective family governance can help improve family dynamics and increase the odds of a successful generational transition.

If you would like to read more of this article, please download the PDF via the link above.

Director of Family Wealth Stewardship
Donna leads next generation initiatives, working directly with clients to customize financial education curriculums, design and facilitate multigenerational family meetings, and help families make decisions about shared assets.