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Author Archives: amyschuman
Why I’m Seeking a Well-Qualified Female Board Member
Why would a client specifically ask to be presented with female director candidates? While writing this post, I asked the Board Chair of a large, fourth generation real estate business, why he was so keen on finding a female for … Continue reading
Female Board Members
Why should it be difficult to find well-qualified females to serve as independent directors for family business boards? Very frequently we are specifically asked by clients to present them with female director candidates. (Why do they make this request? Stay … Continue reading
Female Role Models
Recently a client was refurbishing his offices and he commissioned two sculptures for the lobby: One of Abraham Lincoln, and one of Winston Churchill. I happened to be in his offices when they were being installed, and he called me … Continue reading
“Family” Cultures Yield Financial Results
We spoke earlier this week about a Midwestern retailer that walks its talk. Their corporate culture is directly shaped by the values of the owning family. So – the family gets the deep satisfaction of knowing they are part of … Continue reading
Communications, Compensation and Corporate Culture
Many family businesses struggle with the question – how much financial information can we share – both with employees and with other family members? In fact, one negative stereotype of family business culture is of a secretive owning family that … Continue reading
Use the ‘Parking Lot Test’ to Discern Corporate Culture
Arriving at the client’s headquarters, I noticed that only 3 of the 15 visitor parking spaces right in front of the building were occupied. As always, I parked my car at the very back of the lot, which was quite … Continue reading
Just Like Her Dad, part 3
Amy Schuman All week we’ve been pondering the case of ‘Jennifer,’ daughter of the founder, who has been told by those around her that her success seems assured, because she is seen to be Just Like Dad. Jennifer is a … Continue reading
Just Like Her Dad, part 2
Earlier this week we presented the case of ‘Jennifer’, who joined the family business two years ago. The COO reported that the executive team was excited about Jennifer because she was “Just Like Her Dad”. We posed the question to … Continue reading
Just Like Her Dad, part 1
Recently, the COO of a large family business told me that he was really excited about the daughter of the current CEO who had just celebrated her second anniversary with the company. The daughter, who we’ll call Jennifer, had followed … Continue reading
The Paradox of Fixed and Flexible: How to be More Like a Palm Tree
In my last posting I talked about the advantages of being both fixed and flexible and promised a few specific examples. Let’s start by taking nature as our role model in this regard – trees that are both strong, deeply … Continue reading
