Board Duties

For family businesses built for longevity, the question, “Who will lead next?” is critical. Yet our survey of 300 family business executives reveals a striking gap between intent and action: While 85% agree succession planning is critical to long-term success, only 57% have a CEO succession plan in place—and just 23% are actively implementing their plan.

The Adolfson & Peterson Construction director on spotting and developing possible CEO talent both inside and outside the company.

The fifth-generation owner and family president of Laird Norton Company on finding the CEO of your company’s future.

Boards should treat culture as a structural driver of strategy, not a soft variable reviewed once a year.

Boards are confronting a wave of geopolitical, technological and reputational threats, and responding by becoming more disciplined, more strategic and more professionalized than ever.