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FOX Launches Roundtables Aimed At Challenges For Family-Owned Firms
Tom Burroughes
5 September 2013
Family Office Exchange, the global membership organization
of single family offices and their advisors, is offering three educational
roundtables aimed at the challenges facing family-owned businesses, starting in
early October. (To view a separate news story about developments at FOX in Europe, click here.) The full series is titled The Family Business Owner Series: Preparing Families for
Multi-Generational Success. The series is being presented in conjunction
with three of the organization’s Thought Leader Council members to talk about
family engagement, board development and managing business risk. The first roundtable, How
to Promote an Ownership Mindset, will be presented with professional
services firm Plante Moran and held on October 2 in Detroit. The second event is titled Building an Effective Board and the Role of
Outsiders. It will be presented with law firm Schiff Hardin on October 8 in
Atlanta. The
agenda will focus on board development best practices and the value of
including non-family board members. The third roundtable, is on November 6 in New York. Named How to Manage Family Business Risks, the
program will be presented with TriState Capital Bank and feature a discussion
of understanding and managing the risks inherent to family enterprises. “In recent research we found that 56% of our members own an
operating business. Running a significant family business, while overseeing the
management of the family’s liquid wealth, is challenging. Many families struggle with how to integrate
these different components and address the often conflicting priorities. These
events help address some of their most common issues,” Karen Neal, FOX managing
director, said in a statement. The events are open to families who own, manage or control
significant operating businesses. There is no charge to attend, but space is
limited, FOX said. Family Office Exchange includes over 6,000 people from 650
organizations in 20 countries.