Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some parents will feel the same way. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how to create fair policies that ease tensions and help the child succeed in this short excerpt from Succeeding with Succession – Expert Perspective.
Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some parents will feel the same way. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how to create fair policies that ease tensions and help the child succeed in this short excerpt from Succeeding with Succession – Expert Perspective.
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