Family Strategy: Planning the Family’s Participation

  • Randel S. Carlock
  • John L. Ward
Part of the A Family Business Publication book series (AFBP)


Five years ago the Wates Group was facing a dilemma. One of the UK’s oldest and largest construction groups, it had been controlled by its founding family for more than a century. But now the five senior family leaders and owners were beginning to contemplate retirement. While several members of the next generation worked in the business, none had served in senior management or as directors — and there was uncertainty about who was interested in or capable of filling leadership and governance roles.1


Family Firm Family Business Family Owner Senior Executive Family Participation 
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Copyright information

© Randel S. Carlock and John L. Ward 2010

Authors and Affiliations

  • Randel S. Carlock
    • 1
  • John L. Ward
    • 2
  1. 1.Wendel International Centre for Family EnterpriseINSEADFrance
  2. 2.Center for Family Enterprises, Kellogg School of ManagementNorthwestern UniversityUSA

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