The Growing Pains of Family Businesses

“Business is easy. Family business is hard,” says Charlie Bitzer, chair and CEO of ABARTA. The relationships and dynamics within family-owned companies present distinct challenges for their boards.

In this episode, Bitzer talks with NACD senior member engagement advisor Kait Armstrong about the governance of family-owned businesses. They discuss the difficulties of generational transitions, the importance of aligning culture between the board and the family, and how independent directors can engage family leaders in tough conversations.

Host: Kait Armstrong, NACD senior member engagement advisor

Guest: Charlie Bitzer, chair and CEO of ABARTA

Related NACD Resources:

·  “Steering a Family Business Through Ownership Transitions”

·  “How Family Businesses Actually Make Governance Work”

·  Director Essentials: Family Business Boards and Family Dynamics

Visit nacdonline.org for further research and information.