Compensating family members is an emotional issue
“There is no longer any justification for the parent/owner to give low salaries based on the rationale that the children will eventually take over...
Fair is equal but is giving equal compensation fair?, Part 2
BY PROF. ENRIQUE SORIANO
WHEN parents/owners pursue a family system (family first instead of business first) of compensating relatives that is flawed, the business leader...
The risks of poor communication
AS PART of my firm W+B Family Advisory’s governance engagement protocol, I would usually start with a one-on-one session with family members to allow...
The risks of not communicating
BY PROF. ENRIQUE SORIANO
HAPPY Chinese New Year! Managing family businesses is complex. In addition to managing the business, the family needs to govern itself.
This...
What makes family businesses different?
BY PROF. ENRIQUE SORIANO
A FAMILY enterprise is a business organization actively owned, operated and managed by two or more members of a single family. It comprises family members...
Say sorry before you run out of time
BY PROF. ENRIQUE SORIANO
“PAPA and I often fought but today he is gone. How do I say sorry now? It is too late. I...
2022 is Year of Reconciliation
BY PROF. ENRIQUE SORIANO
REFLECTING on my article last week related to the distraught son’s email about his failure to seek his late father’s forgiveness,...
A Kinder 2022 full of Hope and Reconciliation
BY PROF. ENRIQUE SORIANO
“Nothing — absolutely nothing — is more final than death, and it closes the door on everything we should have done...
Can we combine Wealth and Legacy? Part 2
BY PROF. ENRIQUE SORIANO
ACCORDING to the Family Firm Institute, “while the majority of family business owners would like to see their businesses transferred to...
Can we combine Wealth and Legacy? Part 1
BY PROF. ENRIQUE SORIANO
MAY THE spirit of Christmas infuse your family members with hope, inspiration and joy!
The world is changing, and entrepreneurs must do two...