The Trustee’s Role in an Owners Council

The Trustee’s Role in an Owners Council

Decision making must accommodate a fiduciary perspective

When members of the next generation take over ownership of a business from the founder, they may fail to anticipate the challenges that will arise because ownership is now held by a group rather than a single individual. Joint decision making at the ownership level is a skill that must be learned and practiced. One way the next generation owners can manage their responsibilities is to establish an Owners Council, comprised of all owners, both managing and non-managing, to give them a prop

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