Subject category:
Entrepreneurship
Published by:
Harvard Business Publishing
Version: 19 September 2007
Length: 5 pages
Data source: Generalised experience
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Abstract
Describes the situation facing Paul Bentington, the President, Chief Executive Officer, and member of the owning family of BIND, PLC, a large and successful family-owned engineering consulting firm in London. Bentington''s sister and brother, both of whom are owners of the firm, confront him regarding family participation both in the governance and management of the firm. Third-and fourth-generation members of the family represent a diversity of backgrounds and experiences, which Bentington''s siblings believe would benefit the firm. Yet Bentington has misgivings about whether it is appropriate for his siblings, their spouses, and their children to serve in any leadership role at the family company.
Location:
Industry:
Size:
USD7.5 billion revenues, 12,000 employees
Other setting(s):
2005
About
Abstract
Describes the situation facing Paul Bentington, the President, Chief Executive Officer, and member of the owning family of BIND, PLC, a large and successful family-owned engineering consulting firm in London. Bentington''s sister and brother, both of whom are owners of the firm, confront him regarding family participation both in the governance and management of the firm. Third-and fourth-generation members of the family represent a diversity of backgrounds and experiences, which Bentington''s siblings believe would benefit the firm. Yet Bentington has misgivings about whether it is appropriate for his siblings, their spouses, and their children to serve in any leadership role at the family company.
Settings
Location:
Industry:
Size:
USD7.5 billion revenues, 12,000 employees
Other setting(s):
2005