Explore what’s new and noteworthy at the BFC and in the family enterprise community.
Research Matters: Advising the Family Firm - A Summary
Dr. Vanessa Strike, Assistant Professor in Sauder’s Organizational Behaviour and Human Resources Division, reviewed over 30 years of research and analyzed more than 105 studies to highlight the crucial role that advisors play within family firms. Advisors provide positive business and family outcomes, including enhanced business outcomes such as decision quality, increased planning, and improved firm performance, and improved family outcomes such as increased family unity, working cooperatively, and fewer conflicts.
Research Matters: How 'Risky Business' Benefits the Family Firm
Dr. Vanessa Strike, Assistant Professor in Sauder’s Organizational Behaviour and Human Resources Division, was intrigued by a family business leader who invested in China at the end of his career just before passing the torch on to the next leader. This resulted in a study that offers new perspectives on the benefits to be derived from the career horizons and socioemotional wealth focus of CEOs in family versus nonfamily firms.
Interactive Case Study: De Kets Distillers
This quarter’s family business “mini-case” features De Kets Distillers and Mattias De Kets, which is based on a real multi-generational business family in Europe. Read and analyze the case, develop your ideas, and then discuss them in real time with other business families and professionals via the Business Families Centre’s LinkedIn Group.
Read the Case
Market Research Spotlight: What Family Business Members Most Want to Learn
Comprehensive business knowledge. Individual leadership development. Improved understanding of family business dynamics. A recent study by the Business Families Centre at the University Of British Columbia's Sauder School of Business has uncovered these as the top concerns of today's family firms.
Research Matters: The Resilient Family Firm
Dr. Vanessa Strike, Assistant Professor in Sauder’s Organizational Behaviour and Human Resources Division, examined 2,949 firms across 27 European countries before and during the global financial crisis. She and her fellow co-authors analyzed outcomes for two types of stakeholders, investors and employees, and found that family businesses’ unique characteristics provide advantages that make them resilient to the effect of economic shocks.
Interactive Feature: Family Business Case Studies
Going forward, our quarterly e-newsletter, Family Matters, will feature a family business "mini-case" to stimulate your thinking and engage a discussion on business family issues. Read and analyze the case, develop your ideas, and then discuss them in real time with other business families and professionals via the Business Families Centre’s LinkedIn Group.
Join the Conversation
Academic Insights: Q&A with the BFC’s Vanessa Strike
In this Q&A with Sauder, Dr. Vanessa M. Strike discusses family firms’ concerns, her latest research, and where she thinks the field is headed. Vanessa holds the CIBC Professorship in Applied Business Family Studies and oversees the strategic, research, and academic direction of the Business Families Centre. She is a Visiting Assistant Professor in Sauder’s Organizational Behaviour and Human Resources Division and will be joining the Faculty full-time in July 2015.
Family business estate planning: U.S. estate tax considerations for Canadians
Have you factored the U.S. estate tax into your family’s estate planning?
This article, by Cheyenne J.H. Reese from Legacy Tax + Trust Lawyers in Vancouver, outlines how it is essential for Canadian residents who also hold U.S. citizenship and/or own certain U.S. assets, such as real estate (e.g. vacation properties) or shares in U.S. corporations, to be aware of their potential U.S. estate tax exposure and draft their estate planning documents accordingly.
Family Matters: Notes from the field
Getting on Board: Corporate Governance in Family Firms (Part II)
In this second installment in its two-part series on corporate governance in family firms, the Business Families Centre (BFC) considers the complex subject of board composition and, in particular, board independence. In doing so, the BFC hopes that business families will be better able to identify what corporate governance is, what about it works (and why), and whether or not it is right for their businesses at this time.
Business in Vancouver | Right Course 2015
The Business Families Centre is quoted in Business in Vancouver’s The Right Course 2015 publication, cited as a key succession planning resource for family firms.
Family Matters: Notes from the field
Getting on Board: Corporate Governance in Family Firms
In this two-part series, the Business Families Centre bridges existing (and often conflicting) research and expert advice in an attempt to demystify two key family firm corporate governance topics: board effectiveness and board composition. In doing so, the BFC hopes that business families will be better able to identify what corporate governance is, what about it works (and why), and whether or not it is right for their businesses at this time.
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We provide resources for business families and their advisors and other professionals based on the simple belief that to better the business, you have to better the family members, both inside and outside the business.
See an archive of past newsletters, white paper series, and other publications from the Business Families Centre.