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Helping Family Businesses
Prosper Across Generations®

Best Practices for Managing Key Non-Family Executives

  1. Have a family employment policy and share it with your key non-family employees.
  2. Have a compensation policy that applies to all employees.
  3. Create a compensation system that helps non-family executives think, act and feel like owners.
  4. Share complete information with key non-family executives.
  5. Involve key non-family executives in strategic planning and decisions.
  6. Communicate clearly through actions, decisions and words the family business’ mission, goals and values to and with non-family employees.
  7. Communicate family succession plans with non-family key executives.
 

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