Should you select family members for governance roles based on which family branch they belong to, or which generation? Should you choose them based on their qualifications, or based on how well-respected they are within the family? All of these choices come with benefits and disadvantages – in this short article, we attempt to disentangle them to provide business families with actionable advice.

Disagreements about dividends can cause serious family conflicts. Family business leaders are left hanging when it comes to developing a dividend policy that supports the business and fits their family’s values, needs, and objectives.