Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
For first-time Transitions attendees and others who wish to brush up on key family business terms and practices. The session will offer tips on how to get the most out of the conference experience.
When examining which charitable vehicle to choose, the answer isn’t always clear. In this informative session, Foundation Source’s Managing Director, Jessica Donahue, will discuss the critical differences between two of the most popular options: private foundations and donor-advised funds. Jessica will review the advantages and considerations of both vehicles, how and when private foundations and donor-advised funds can be used together in concert for maximum effect, as well as factors that might determine which one is better matched to your specific needs.
Your family’s past shapes its future, whether you realize it or not. Research has shown that when parents tell children about how their elders overcame difficulties, the children develop resiliency. Our panelists share how they will shape the story of their reaction to the Pandemic and other crises, and the initial impact of those stories.
Throughout Transitions Fall, enjoy brief profiles of attending family businesses during our frequent breaks. In this session, Pat Soldano from Family Enterprise USA interviews Ralph Jones, Executive Chairman of The Jones Family of Companies.
Discussion and Interactive Working Session
Over the past five years, many business families found themselves divided over politics, vaccines and mask mandates, in addition to the “normal” conflicts a family business faces. Some were able to overcome such differences and continue as an effective shareholder group and a loving extended family. What was the secret of their success, and how will they interact in the future?
After the discussion, participants will have the opportunity to work on a brief conflict resolution exercise to learn approaches that have been proven to work in most situations.
Discussion and Interactive Working Session
What are ESG and DEI, and why do they matter to family-owned businesses? This session will explore the ABCs of ESG (environmental, social and governance issues) and DEI (diversity, equity and inclusion) and how these principles can address a family business’ values and social purpose, and address the concerns of the NextGen, customers and other stakeholders.
After the discussion, participants will have the opportunity to work on an ESG exercise to identify ways in which their businesses can enhance and promote what they’re already doing, and what they plan to do in the future.
Yes, it’s hard to network and have some fun online, but we’re going to make it happen! Here’s an opportunity to relax a bit, and get to know the other families participating in Transitions Fall 2021. Join your fellow attendees for a food and wine pairing demonstration as Lorenzo Trefethen, 3rd generation wine maker at Trefethen Family Vineyards and Winery Chef Chris Kennedy create some delicious appetizers and talk about the appropriate wine selections. And best of all — win some fun prizes.
Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
Family Business Magazine editor-in-chief Amy Cosper will review key takeaways from the first day of the conference, and answer any questions attendees have.
Succession has always been the hardest issue for multi-generational issues to face. The pandemic and resulting economic crisis also brought into focus the potential for health-related catastrophes. This session will review several highly successful succession plans that can help you design and update your own plans.
Closed session – preregistered attendees only! Supply Chain, Labor & Other Business Issues
Closed session – preregistered attendees only! Succession Planning & Issues Thursday Session
Closed session – preregistered attendees only! Family Councils & Family Governance
Closed session – preregistered attendees only! Shareholder Liquidity/operating and non-operating family members
Grab a bite to eat, and request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
There are five breakout sessions. Click on the session below you’re interested in attending. Other sessions can be viewed in replay when completed.
Family Business Board Compensation. This session will review the results of the Family Business/Private Company Director board compensation survey.
Refresh Your Philanthropy. Join two seasoned philanthropic advisors as they discuss how shifting priorities in the philanthropic landscape call for a new look at your charitable activities. By taking stock of your charitable operations, funding partners and community needs, a new solutions-oriented strategy can emerge. In this session, we will consider a few of the key factors to consider on your inventory checklist:
- Program focus
- Grantmaking structure
- Impact evaluation
- Communications
- Employee Engagement
Re-imagining Family Governance. Over the last 18 months, all of us have experienced a crash course in adapting to survive in a time where many factors were out of our control. As we look ahead to 2022 and beyond, family enterprises have the opportunity to re-imagine why and how they do business. In this engaging session, you’ll learn:
Which family governance structures have succeeded during COVID and how they’ve functioned to help the enterprise during uncertainty
- How to empower others in the enterprise to help solve issues.
- What you can do to re-engage the culture and shift to a new way of doing business
With a focus on intentionality and purpose, Aggie will share constructive ways to move forward from where you are today to create a sustainable family enterprise in a post-pandemic world.
Healthcare Changes Family Businesses Need to Know. As business owners, you know that healthcare costs are the second largest business expense. Offering attractive and affordable medical benefits is crucial to recruiting and maintaining a talented workforce. The reality is, 90% of your healthcare costs are driven by 10% or less of your covered population. Let’s make sense of this together! In this session, expert – Marybeth Gray – will help you understand the next big cost drivers for your medical benefits plans in 2022 and beyond, and discuss proven strategies on how to prepare for them. Planning for 2022 and the future doesn’t have to be difficult – We have the Solution!
Options for Accessing Capital. This session will be a review of desired family outcomes and considerations in choosing a partner, the different types of capital solutions, and the capital provider expectations associated with each.
Throughout Transitions Fall, enjoy brief profiles of attending family businesses during our frequent breaks. Dave Specht from the Global Family Business Institute at the Drucker School of Management interviews Letitia Hussey Beauregard, Chair, Hussey Seating Company.
This live role-playing workshop will feature real family members playing various roles in a family council that’s not working well together. The goal will be to identify and resolve behaviors that stop a family council from being as effective as it can be.
There are five breakout sessions. Click on the session below you’re interested in attending. Other sessions can be viewed in replay when completed.
ESG and Your Family Business–A Lasting Legacy. A long-term mindset, sense of purpose and the importance of creating and sustaining a legacy are central to how family businesses define success. Given this purpose-driven mindset, how can family-owned and family-controlled businesses lead the way in accelerating the evolution of the sustainability and ESG agenda? How does this agenda impact the family legacy?
In this session we will explore these topics in a dialogue with Professor Robert Eccles and examine ESG through the family lens of an owner, operator, and investor.
Tax Planning–Will You Need to ‘Reverse’ Plan? What you should consider for you and your business when it comes to year-end planning. This session will cover what you should be doing around year-end planning for you and your business given the discussion in Washington, DC over the past year.
Topics will include a summary of the tax proposals, triggers you need to prepare for at both the business and individual level, what you can do after December 31 (accounting methods, prepaid expenses, etc), estate and gift tax and life insurance review (spousal access lifetime trust, SLAT, ILITS, Private Placement Life Insurance) .
Creative Ways to Connect Across Generations. This interactive session will provide ways to bridge history, stories, values and mission. With family members becoming global citizens, it’s important to be able to connect through a variety of mediums. This connection can be used as a means to prepare the family for wealth and attach meaning behind your heritage. Learn how families are drawing upon the art of creating a “coat of arms” to pictorially represent the cherished values and principles that will guide them for generations to come.
When Liquidity and Dividends Cause Disagreement. The four owners of a family business disagreed on how to handle liquidity and dividends. The two owners who were active in the business wanted to reinvest the large majority of liquidity every year in order to grow. However, the two nonactive owners, who were receiving limited dividends, resented this. They worried the active owners would draw a bigger salary as the business grew more profitable.
Integrate Your Business and Personal Investments Through a Family Office. The value of an independent family office to integrate your business, real estate, and investments
Throughout Transitions Fall, enjoy brief profiles of attending family businesses during our frequent breaks.
Family Business Magazine and Compensation Advisory Partners (CAP) have updated their survey of executive compensation in family businesses, first released in May 2021. CAP researchers will present the first cut of the survey findings.
Bullet points can’t possibly convey your strategy. How do you reach the hearts and minds of those who need to understand your strategy? Creating and telling a strategy story highlights richer insights and fosters much deeper comprehension.
A special Interactive session for NextGen family members, featuring several successful NextGeners discussing the challenges they faced. There will be a lot of time for questions and interaction.
Later hours for our West Coast participants. Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.
Family Business Magazine editor-in-chief Amy Cosper will review key takeaways from the second day of the conference, and answer any questions attendees have. Make sure you don’t miss a thing!
Discussion and Interactive Working Session
Many enterprising families develop a set of shared values to guide them through business decisions. If your family participated in this exercise 10 or more years ago, it’s time to revisit the values and assess whether they resonate with your NextGens. Society and technologies have changed. Do your values need to evolve, or are they still effective as rules to live by? Our panelists will share their views of about whether family values should be treated as a living document.
After the discussion, participants will have the opportunity to work on a values exercise.
Throughout Transitions Fall, enjoy brief profiles of attending family businesses during our frequent breaks.
Closed session – preregistered attendees only! NextGen Engagement
Closed session – preregistered attendees only! Family Unity, Education and Values
Closed session – preregistered attendees only! Succession Planning & Issues 1
Closed session – preregistered attendees only! Family Dynamics, Communications and Conflict
Throughout Transitions Fall, enjoy brief profiles of attending family businesses during our frequent breaks. Todd Hohauser of Harvey Hohauser & Associates interviews Stewart Spinks, Chairman and Founder of Spinx.
The emerging best practice for a family-owned and controlled company is a business board with independent outside directors, following the lead of public companies. This session will look at successful family business boards, and offer advice on how to deal with control issues, and how to make the current board even better.
Recording will be ready soon
Family Business Magazine editor-in-chief Amy Cosper will review her key takeaways and action steps from Transitions Fall 2021. Use this as an opportunity to ask questions!
Attendees have the opportunity to request brief online video (or audio) meetings with members of other families and sponsors to build relationships and share experiences.