In the wake of the pandemic and rising geopolitical tensions, many family business owners have woken up to the reality that the absence of a competent and engaged board undermines the resiliency of their family enterprise and poses a significant risk in an era of greater turbulence and uncertainty. What’s more, if family representation is missing from the board, it is difficult to align the interests of the owners with those of the company in a sustainable way. Understandably, boards often focus the bulk of their attention and oversight on what’s happening “below” them with…
