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“Accountability Strategies to Thrive During Family Business Transitions” Topic of Family Business Center Panel

Three generations is all it takes for most family businesses to vanish. Given that most businesses around the globe are family-controlled, the importance of ensuring accountability during periods of transition is vital to the on-going success of a family business, their suppliers and customers.

On Tuesday, Sept. 9 at 6:30 p.m., the Family Business Center (FBC) at the Madden School of Business at Le Moyne will host a panel discussion on “Accountability Strategies to Thrive During Family Business Transitions.” The discussion will take place in Grewen Auditorium.

The event will feature the leaders of four of the most prominent family-owned businesses in the Central New York region:

- Lou Dement '95- CEO, Giovanni Food Company, Inc.
- Joseph Mirabito '80- CEO, Mirabito Energy Products
- Paul Nojaim '85- President, Nojaim, Inc.
- Doug Weed- President/CEO, New Hope Mills Manufacturing
The moderator will be Carol Wittmeyer, a consultant to NY Family Business Center.

The panelists will share family business ownership transitions/successions and the inherent related transitions for the family and the business. They will discuss examples and strategies that worked and did not work based on their situations and perspectives. Topics expected to be covered are best practices related to boards, family meetings and strategic planning.

In addition to the panel discussion, members of the Family Business Center are invited to a reception with the panelists that will take place from 5:30 to 6:30 p.m. The reception will be held in the Grewen Auditorium.

To register for this event, please email nyfbc@lemoyne.edu

The New York Family Business Center partnered with the Madden School of Business at Le Moyne in Fall 2013. Founded in 2009, the FBC supports the unique needs of family-owned businesses through a variety of activities and programs. The Center gives family-owned business owners and managers opportunities to interact and learn from each other and from family business professionals by providing tools, resources, training, interaction, and education in a nurturing and confidential environment. FBC activities are member driven, enabling participants to gain intimate insight into key elements that create a successful multi-generational family business. Currently, there are approximately 30 members businesses of the FBC throughout the Central New York region.

posted on: 8/19/2014