Family businesses play a significant role in many countries and are an important factor in the economic success of most regions around the world. Spencer Stuart has decades of experience working with family-controlled and family-influenced companies across a diverse set of industries, including consumer products and services, retail, industrial and financial services.

We frequently advise family businesses on a range of needs, including leadership succession, governance, and recruitment of senior executives.

Family-owned businesses have different governance structures and objectives from publicly-owned companies, and so understanding the subtle dynamics at play between senior executives, boards of directors and family councils is crucial. We always serve family-owned businesses in a manner that balances the needs of the business with the interests, culture and priorities of the family.

Our consultants take time to understand the specific circumstances of each client, applying their knowledge and judgment to identify only those executives with the correct sensitivity and temperament — as well as the skills and experience — that will enable them to thrive in the family-owned business environment.

Each year we handle hundreds of assignments for family businesses in North and South America, Europe and Asia Pacific. Our relationship with clients often develops beyond specific search assignments into a more general consultative role, with many family businesses entrusting us with their leadership and succession planning requirements — both vitally important for the continuity and long-term health of the company.

For more information on our work with family businesses, or to discuss your leadership needs, please contact your nearest Spencer Stuart office or relevant industry practice, or request information via our online form.