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How to develop a diverse board and select the right chairman

Published November 17, 2017 | Advisers

By Jennifer Muntz and Andrew Keyt

Our natural tendency is to surround ourselves with people whose backgrounds, experiences and viewpoints are similar to ...

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Protecting your family enterprise from the scourge of 'transition shock'

Published November 17, 2017 | Advisers

By Otis Baskin

CNBC analyst Jim Cramer raised some eyebrows recently when he stated on his show, Mad Money, t...

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Planning a family education program: Consider goals, logistics and content

Published November 17, 2017 | Advisers

By Anna Nichols

If you hope to maintain business ownership and wealth across multiple generations of your family, you’d be wise to develop a strong family education program. While ...

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Theme park puts Santa in spotlight

Published November 17, 2017 | Departments

By April Hall

At Santa’s Village in Jefferson, N.H., heart takes precedence over facial hair.

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Traditions reunite family, business

Published November 17, 2017 | Departments

By Michael D. DeVine

I have heard from several clients that they never really get a chance to talk with their father, but they do get to talk with the owner of the company (who happe...

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Celebration Corner: The Verdin Company's 175th anniversary

Published November 17, 2017 | Departments

By Barbara Spector

The Business: The Verdin family came to the United States from the Alsace region of France around 1830 and settled in Cincinnati. Two of the seven...

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At the Helm: Dan Mahar

Published November 17, 2017 | Departments

By Patricia Olsen

Generation of family ownership: Third.

About the company: We have more than 150 land, river and sea [travel] programs a...

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Dueling Perspectives: The advantages of an independent board

Published November 17, 2017 | Departments

By April Hall

The board of directors of Samaritan Medical Center was honored as “Private Company Board of the Year” in its revenue category (less than $100 million) at the 2017 P...

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The strategic way to do your planning

Published November 17, 2017 | Departments

By Barbara Spector

Family businesses face extra challenges when it comes to strategic planning because they must address family as well as business issues. Too many family firms sche...

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Risky business down on the farm

Published November 17, 2017 | Feature Article

By Patricia Olsen

Risk taking has paid off handsomely for McCarty Family Farms in Colby, Kan. In the last...

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Moving into the future

Published November 17, 2017 | Feature Article

By Margaret Steen

Stevens Brothers Cartage and Storage was founded in 1905 in Saginaw, Mich., to haul steamer trunks using horse-drawn drays. Today The Stevens Group, still based in ...

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Business Mindset Helps Omaha Steaks Meet Challenges

Published November 17, 2017 | Feature Article

By Dave Donelson

Bruce Simon, the fifth-generation CEO of Omaha Steaks, has a theory to explain why the direct marketer of beef and other foods survived to mark its centennial t...

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Dueling Perspectives

Published August 29, 2017 | Departments

By Barbara Spector

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Effective facilitation can improve family council meeting productivity

Published August 25, 2017 Jeff Strese | Advisers

Successful family council meetings are often elusive. Picture a family council meeting where the CEO and patriarch sit frustrated, waiting for several members to show. Some members are distracted. ...

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Why are family businesses better at weathering economic downturns?

Published August 25, 2017 Carrie Hall | Advisers

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Successful family business boards include several common elements

Published August 25, 2017 Brad Bulkley | Advisers

Corporate governance. Yawn.

The words are long and drawn out—just like board meetings. You don't have time to sit in a boardroom. You've got production and sales to worry about, an...

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Extraordinary families take measures to create good governance structures

Published August 25, 2017 Kristen Armstrong | Advisers

It's a topic that tends to generate strong, often surprisingly emotional reactions: how to manage the governance concerns of a family enterprise. If nothing else, those in the room typically snap t...

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Hard work pays off on the family farm

Published August 25, 2017 April Hall | Departments

Kolt Kyler is a 9-year-old farm-working, grandmother-helping, pig-raising honor roll student. He's also a baseball player—and a Chicago Cubs fan. That's how he got his 15 minutes of fame.

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