Family vs Board: How do you bridge the gap?

“It’s like giving away the keys to your car while your kids are in the back.”

Tim Kemp, Director at executive search firm Warren Partners, explained how succession planning works in family-run firms, and how recruiters need to work to bridge the gap between familial and employee expectations.

What issues do businesses face when looking to replace a family-led CEO?

“A client in a mid-sized family business once likened an assignment to replace him as CEO (when he was looking to step back into a Chair role) as akin to “giving the successful candidate the keys to his car, while his children were riding in the back”.