
In the United States, the increasing presence of women in senior professional roles as leaders and business owners is accelerating. According to the National Association of Women Business Owners, 39% of privately held businesses are women-owned.1 While there’s progress to be celebrated, the story is more complex in substantial family-controlled businesses.
In research conducted by the Society of Trust and Estate Practitioners, just 7% of North American family firms surveyed were led by women, and 34% had women on their boards.2 The study also found that the oldest child was the CEO’s successor 45% of the time, concluding that “[s]electing the next CEO based on the male primogeniture logic, despite decreasing in popularity, is still a tren...
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