FAMILY
Any family member who is not an owner or employee
BUSINESS
Any employee who is not an owner or family member
OWNERSHIP
Any owner who is not a family member
Family members who are employees
Family members who are owner-employees
Family members who are owners
Non family members who are owner-employees
- Parents wanting to make up for the guilt they feel
- Substituting money for attention
- Attempting to protect & rescue the ‘weakest/most vulnerable’ child
- Feelings of jealousy from siblings believing that parents have a ‘favourite’ child.
- Treating children equally when their roles within company are not equal
- Creating resentment between siblings
- The manipulation of facts or withholding information to stifle feelings of inadequacy
- Over-diversification into too many investments.
- Through the distrust of next generation to assume leadership roles
- Entitlement of power & control
- Feelings of excessive significance from role or responsibility
Source: Adapted from Taguiri & Davis (1982)
© Francesco Lombardo, Veritage Family Office
© Francesco Lombardo, Veritage Family Office