For any Family Business, risk and jeopardy can be found at just about every turn. Often, it can be found in the least likely places. It could very well be that the greatest risk to a family enterprise’s success is not found in evolving technology or direct competitors but rather from within the family itself. Dysfunctional and unhealthy family dynamics can sometimes be the X factor that stands in the way of long-term growth and success.
Nobody knows this better than expert and author Franco Lombardo whose latest book is called Safe Space™: Governance in Action. Lombardo is also the Managing Director and Coach at Veritage Family Office. Veritage is a Vancouver-based advisory firm which specialises in helping families to understand how their feelings about money impact their relationships with each other and the family wealth.
Veritage guides families in developing a governance model which holds the individual, the relationships with each other; and their wealth accountable to a set of guiding principles set out by the family for the family.
Recently Tharawat Magazine had the opportunity to sit down with Franco and discuss how his personal story of overcoming trauma was transformed into a successful career of supporting family businesses around the world to feel safe.
