For a family of owners to maintain peace of mind, everyone must feel fairly treated in money matters.
I often meet families where siblings wonder how much the CEO is paid - and whether the board remembers how the salary affects the shared bottom line.
Often the turmoil is more about sibling rivalry and the need for recognition than the money itself. But without transparency, the rivalry risks affecting both the family and the company leadership.
The solution is transparency: provide insight into salaries, explain any differences and create a forum where families can discuss expectations without interfering in day-to-day operations.
Do you need sparring on how to talk about salary in the ownership group? Contact me - I can help you create a process that protects both relationships and business.
