Board Membership for the Rising GenerationBoard Membership for the Rising Generation
Tipping point for family enterprise continuity.
July 15, 2022
The major concern of family enterprises— whether in the first, second or even third generation—is how to plant the seeds for continuity over subsequent generations. One of the most common ways that family enterprise leaders do this is to appoint younger family members to the board as a means of honing and testing their leadership potential and revitalizing the business. But simply appointing the next generation to the board isn’t enough. Setting the next generation up to learn and grow as future leaders through board participation can be a highly effective strategy to ensure family enterprise continuity. For any next generation family member to succeed, there must be a thoughtful approach to which board they’re appointed to, how they’ll ...
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