Family Strategy: Planning the Family’s Participation
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
KeywordsFamily Firm Family Business Family Owner Senior Executive Family Participation
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