A great insight from the USA with Wayne Rivers exploring the shifting pattern for family firms to employ non-family members in key roles.

Part of the step change is the natural demographic of families whereby they are having less children and therefore there is less of a 'family pool of talent' from which to groom a successor.  Having said that, the move to greater professionalisation and governance stands them in good stead for the future if there is a clear strategy, aligned leadership with ownership and agreed values.

A great insight.