Four Things that the Best Family Business Boards Do Well

Can you quantify your board’s contribution to the performance of your family business? Even if you can’t put a number on it, you should have a keen sense of how much your board has supported leadership in reaching their objectives. This is beyond the direct and indirect roles the board plays in defraying family conflict and building family unity. In our experience, we’ve seen four things that successful family businesses and their boards do well, and we will explore the first two in this article (and the others in an upcoming article).