It’s inevitable—the confusion over role expectations, disagreements about succession planning, conflicting ideas about the business’s future. Conflict is a daily part of running a business. But without the right governance structures in place, small issues can escalate into unruly problems that threaten both the family and business.
There are four governance structures that can reduce—and help resolve—conflict in a family business. The first key governance structure is a family constitution.
Learn how the family constitution can help your family manage conflict in this article. The article also explores the other three governance structures and how they can reduce conflict.
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