Insights

The family business is an essential component of our domestic economy. Yet many family groups run into difficulties due to a lack of agreement on strategy and/or governance between family members and shareholders.
Delaying or neglecting strategy decisions inevitably leads to failure, and the gradual destruction or even ruin of any family group.

What measures can be taken to help family businesses thrive?
Our SFM Conseil experts provide their insights in this series!

Today, 95% of the economic fabric is made up of small and medium-sized businesses ( SMBs), the majority of which are family businesses.

Family businesses are therefore an essential component of our domestic economy, and it has become crucial to examine their characteristics with a view to ensuring good governance and smooth, successful intergenerational succession.

Today, it has become essential to put in place upstream (i) a secure and long-term organization, (ii) rules that can pragmatically govern the affairs of the company or family group, and (iii) a framework for efficient, rational and successful governance, while striving to maintain the family character of the group.
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