Case studies
Looking at the whole picture of the business and the family.In a recent business example, BDO acted as mediators on issues that really were not significant, but were causing some discomfort within the workplace and at home.
Resolving family feudsA client had two brothers, father, aunt and various cousins working for the family business. Unfortunately all is not rosy and an issue simmering between two family members looked like reaching boiling point.
Recruiting outsiders to your family business boardIdentifying and recruiting good directors is an achievable task. Seek individuals from similar but unrelated industries, but most importantly, individuals who are willing and able to understand your family’s goals for its family business.
Succession planningA second-generation family business owner wanted to embark on the succession process into the third generation. There are three children and a nephew currently working in the business of whom two stand out as possible candidates.