STEP New York Afternoon Panel Discussion
Herrick hosted STEP New York for a panel discussion entitled, "Planning for Closely Held Businesses Part II - How to Build a Hundred Year Family Enterprise."
*Anticipating change & developing capability in the next generation
*Engaging the entire family – structures for collective decision making
*Building positive links between family shareholders and the business
*Preserving the family business – united we stand or divided we stand?
*Individual vs. collective ownership – when to employ and why
*Equality between family members: what is equality? – when to depart from the "per stirpes" or "per branch" principle
Panelists: Dennis Jaffe, Ph.D. - San Francisco-based advisor , Linda Mack, Founder and President of Mack International, a boutique firm that specializes in providing retained executive search and strategic human capital consulting services to single and multi-client family offices, John Riches, Partner at RMW Law, and Dr. Johannes Burger, senior Partner at Marxer & Partner in Liechtenstein.