The Growing Pains of Family Businesses

“Business is easy. Family business is hard,” says Charlie Bitzer, chair and CEO of ABARTA. Therelationships and dynamics within family-owned companies present distinct challenges for theirboards.In this episode, Bitzer talks with NACD senior member engagement advisor Kait Armstrong aboutthe 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 independentdirectors can engage family leaders in tough conversations.Host: Kait Armstrong, NACD senior member engagement advisorGuest: 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 DynamicsVisit nacdonline.org for further research and information.