Best Candidates Expect Best Practices

Bruce Walton’s article was featured in the Family Firm Institute (FFI) Practitioner on 10/11/2017.  It is a case study of a $100m revenue, third generation company CEO succession. When a family company recruits an outside executive, particularly at the COO or CEO level, candidates pay attention to what they might be getting into.  Family businesses have a reputation for being idiosyncratic.  Best candidates will look for best practices in use both within company governance and within the search process.  It helps to be aware of things they will look for.