Embracing Empty Structures: A Case for Re-energizing Family Business Governance with Technology
“Empty structures syndrome” is a term that family business advisors are increasingly using to describe a situation in which family owners have come to feel little authority over, or psychological ownership of, their family business governance. At their worst, this syndrome can create both increased tension and overt conflict or apathy and owner disengagement. Wondering if your family has empty structures in the board, on Family Council, or with the owner group? Keen to avoid drifting towards empty structures? Looking for a way to get back on track?
Watch this virtual fireside conversation with Marion McCollom Hampton and Nick Di Loreto from BanyanGlobal as we dive into understanding this phenomenon, identifying the inconsistencies that lead to it, and addressing them with technology and conversation.