Family businesses offer security and reliability, but after several generations, intra-family conflicts of interest can also threaten the existence of the company. Putting the fate of the company into the hands of a foundation, can solve such problems. Why this is the case is described in the sixth volume of the series from the Witten Institute for Family Business (WIFU). Mittelstandsmanager.de writes about here.
The full article can be found here: Familienunternehmen und Stiftungen (german only)