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Guest Speaker: Dr. Josh Baron, Co-Founder and Partner at BanyanGlobal

Host: Kristin Keffeler, MSM & MAPP Principal, Illumination360, PPI Dean of Positive Psychology and Kirby Rosplock, Ph.D. Founder, Tamarind Partners, Inc., PPI Dean of Family Offices

Description:  There is not some “silver bullet” that can make a family business last. And there are very few “best practices” in the sense that there are things that work for every family business. Each family business is unique. And what works well in one generation can be a disaster in the next. Instead, the key to making a family business endure for generations is understanding the power of family ownership. This power comes from five core rights that give the owners the exclusive ability to make almost every important choice about what happens in a family business. The owners can make choices that destroy a family business well before it’s time. Or they can make choices that set it up to long-term success. In this session, we will focus on understanding how family businesses can activate the power of ownership to last for generations.

Introduction to Our Guest Speaker

Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. He is the co-author of the Harvard Business Review Family Business Handbook. For the last decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Josh is also an Adjunct Professor at Columbia Business School, where he teaches MBA courses on Family Business Management and Managing Conflict in Family Business. He also teaches in the Enterprising Families Executive Education Program.

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