As if succession is not a difficult enough topic in its own right, there is the further complication around the role of in-laws.  Undoubtedly, in-laws have an impact, either directly through active involvement in the business, or indirectly as a spouse to a shareholder or active family business member.

The role of in-laws needs to be handled sensitively and there is no 'one size fits all' approach.

In this piece, Randel Carlock who is the Professor of Entrepreneurial Leadership at INSEAD looks at two different cases but concludes on common ground where it is the core values of the respective families that determines the role and involvement of in-laws.

Two key things that come to mind on a regular basis around this topic, TIME and TRUST.