Historically, professional advisors primarily focused on business-related matters, often overlooking the unique challenges and intricacies associated with managing a family-owned business. However, there is a noticeable shift toward seeking advice on non-business, yet equally important, aspects of family business.
A board of directors is the fiduciary arm of a company on behalf of its shareholders. Its purpose is to help guide the company on important decisions, including hiring senior team members and setting salaries; making decisions on investments and dividends, mergers and acquisitions; and setting goals for the team and providing the resources to support those objectives to help ensure a company’s long-term success.
Your family business has capital to invest and talented family members, so how do you take advantage of this for your family’s benefit? Join Joe Ambrose, Executive Director of the First Bank Center for Family-Owned Businesses, as he moderates our panel discussion of making the most of adding businesses to your family’s portfolio of investments.
In order for a business to be successful, an organization’s leadership often concentrates on the more common business side of the business, including the balance sheet, quarterly sales, and marketing strategies, as well as building a customer-centric culture.
Established in 1960, Hartwig, Inc., is a family-owned, multi-generational manufacturing solutions and support company.
Michael Dierberg, Chairman of FB Corporation and First Bank, hosts a panel discussion on how to decide what’s best for your business and your family when it comes to the board of directors. Panel members Don Jubel, Tom Bakewell, and Jacob Herschend will share their unique perspectives on this important family business governance issue.
Each generation brings different thoughts and skillsets to the proverbial table and, unfortunately, these don’t always align. Nearly every family has its fair share of issues that has caused rifts and ripples between family members. In some cases, these disputes can go on for months, or even years, over perceived hurts.