RSR Partners works selectively with clients who share our conviction that people are the only form of sustainable competitive advantage.
Learn More
Our Board and CEO Services team partners with CEOs and boards to understand issues, assess opportunities, and strategically advise to ensure sustainable growth strategies are optimized.
Learn More

Family Owned Businesses

We care about your legacy and your business
Family-owned businesses are uniquely positioned for high performance and longevity. The keys to unlocking success are strong corporate governance. For more than 25 years, we have advised family-owned businesses regarding governance, CEO succession, board (or Advisory Board) recruiting, and executive search. We are proud to share that many of our client relationships are long-term. We have earned these relationships over time through our commitment to our clients’ family legacy and the ongoing success of the business. Our assignments for family-owned businesses are often complex, and our goal is to solve for our clients’ unique needs in addition to identifying exceptional talent.

Good governance and its impact on longevity
There are more than 5.5 million family-owned businesses in America. The family-owned businesses that experience longevity attribute their success to good governance and positive culture. However, only 30% of family businesses survive the transition from first to second-generation ownership, and even fewer survive the transition from second to third-generation ownership. Many families are reluctant to plan for succession. There may be concerns about the readiness and willingness of future family members to manage the business or the idea of external leadership may be unsettling. Often, the tools to facilitate succession or another strategic event are not in place. Failure to impose good governance, plan for succession, or to create vehicles necessary to ensure a successful transition contribute to the loss of family-owned businesses over time.

The team at RSR Partners understands these factors. We have the toolkit to help family-owned businesses assess culture, develop a governance structure to be successful in the short- and long-term, and we also guide and prepare family members for succession – whether the next leader is a family member or an external candidate. Some of the services we provide include:

  • Governance consulting
  • Succession planning
  • Board (or Advisory Board) recruiting
  • Board diversification
  • Coaching and development
  • Cultural appreciation projects
  • Remuneration and incentive analysis

The importance of sustainable fit
It is essential that family-owned businesses engage trusted advisors who will take the time to understand the nuances of their culture and decision-making process in order to attract and retain high-caliber talent to their executive teams. We therefore always begin our assignments with a discovery process that allows us to ensure that all stakeholders are clearly aligned regarding the responsibilities of the relevant role and ideal candidate profile. Additionally, articulating the characteristics that embody the family’s values is as important as the experience and competencies required for success.

Whether the situation is a family-owned business with a founder, intergenerational, or family-to-non-family transition, we aim to assess and identify candidates who exhibit the behaviors and beliefs that align with the family and the business’ vision for the future. Just some of the leaders we have recruited for family-owned businesses include:

  • Chief Executive Officer
  • Chief Operating Officer
  • Chief Administrative Officer
  • Chief Financial Officer
  • Chief Marketing Office
  • Chief Human Resources Officer