Three challenges for presidents of family businesses

Family-run businesses are often held up as examples of performance and success in combining short-term results with long-term vision. This is generally true.

However, it is often forgotten that family-run businesses must be managed taking into account three issues that can be contradictory: corporate strategy, family wealth strategy and governance. Alignment between these three components is necessary to deploy the strategy at the right pace and meet shareholder expectations.

French