The Connecting Impact Of Information

Observing a recent discussion between the children of a successful entrepreneur, I was reminded once again of the potential impact of different family members being provided with differing levels of information about the family enterprise.

As is the case in many families, not all members of this family always had access to the same information. Some had chosen a career outside of the family enterprise, while some had been given the opportunity to enter into the business as an employee (an opportunity others might even have wished for).

The fact that some family members were rather well informed, whilst others weren't, had a particular impact on how each member defined his or her attitude towards family meetings and what could come out of them.