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The Impact of Family Business in Ireland

Sunday, 20 May 2018

Although this repost is based on findings up to 2005. It is important to know the impact that family business has in Ireland. 

 

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What Daughters Learn When Mom Is the Boss of the Family Business

Sunday, 20 May 2018

A well-run company may be the best Mother's Day gift of all for women who follow their mothers into family-business leadership roles. After all,

 

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Your Family Business Won't Survive If You Don't Plan for the Leadership Transition

Sunday, 20 May 2018

The artice below is based on a topic that we here at Family Business Ireland are passionate about. Approximately 70% of Family Businesses in ireland

 

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If you have been experiencing any of the following in your boardroom, you are already late in acting to improve the quality of your board. Either you have a governance problem now, or one is coming.

 

• Absence of a rigorous process in defining a long-term, forward-looking business strategy.

 

• Poor communication between the company’s owners and its professional managers.

 

• Significant turnover among the second layer of the company’s senior executives combined with very long tenure by the top layer of senior executives -- conditions that have not been accompanied by strong business performance over the past three to five years.

 

• Board meetings that are too comfortable and always follow a familiar pattern: Nobody challenges anyone in the board meeting on any topic that is material.

 

• Everyone sitting at the board table is a family member, longtime family accountant, family estate lawyer or close friend.

 

We can offer you the guidance that you need. Contact us now.

 

Source:https://www.familybusinessmagazine.com/5-warning-signs-governance-problem