Family Business Adviser Engagement Luncheon
Tuesday, April 10, 11:15 AM
Governance: How it can Save the Family Business
Family businesses grow in complexity as they age. From the entrepreneur, to the children and later the cousins, each stage brings new issues the family must face. Family business governance, is the structure put in place to bring policies and education to family members, to help better guide business, family and ownership decisions.
Join the Family Business Center for this second event of the Family Business Adviser Engagement Luncheon series. Our keynote, Eric Allyn, is the former fourth generation Chairman of the Board of Directors of Welch Allyn, Inc., a company owned by the Allyn family in New York for 100 years. Welch Allyn is a medical device manufacturer, employing some 2,800 people world-wide, and selling products into every hospital and physician office in the United States. There are presently 58 family members.
Allyn will share his family’s story of conflict among third-generation leaders, and how members of the fourth generation came together in 2006 to build governance structures to mitigate the conflict and put the family on a clear path forward. Focusing on the understanding of how family business dynamics affect the business, he will share the tools and strategies his family used to educate family members, work with advisers and create thoughtful governance policies that created the family’s governance practices.
Allyn will also make several comments on how his Board, his management team, and his large family, came to the agonizing (but right!) decision to sell the company in 2015.
For more information, contact Family Business Center director Jon Keimig, at 651-962-4560 or email@example.com.
Thanks to these Schulze School of Entrepreneurship supporters: