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Ferguson Partners Announces New White Paper Discussing the Keys to Leadership Success in Family Businesses

Grow from Within, Offer Appropriate Incentives, and Establish Proper Governance

White paper by: William J. Ferguson, Ferguson Partners Ltd.

CHICAGO, Nov. 10, 2014 (GLOBE NEWSWIRE) -- Ferguson Partners Ltd. released a new white paper today that offers a frank and candid discussion of the problems and challenges of CEO succession in a family-owned real estate business, and the solutions that have proven effective among companies that have made (or are in the midst of making) the transition.

In order to preserve the business, as well as the family ties, the onus is on the family to discuss succession early on, before the founder/owner or other family CEO is no longer able to lead the firm. Succession works best when there are good candidates in the pipeline. It is best to avoid appointing a new CEO immediately. Allowing succession candidates to participate in property equity and possibly corporate profitability, and encouraging proper governance through an external board, are also important factors to ensuring a smooth leadership transition.

This article/white paper includes insight from the following individuals:

Jeff T. Blau
CEO and General Partner
Related Companies
Martin S. Burger
CEO
Silverstein Properties
Marty Edelman
Of Counsel
Paul, Hastings, Janofsky & Walker
Jeanne Myerson
President and CEO
The Swig Company
Benjamin Needell
Partner
Skadden, Arps, Slate, Meagher & Flom
Glenn A. Shannon
President
Shorenstein Properties, LLC

About FPL Advisory Group

FPL Advisory Group is a global professional services firm specializing in executive and director recruitment, compensation consulting, and organizational, financial & strategic consulting. For more than 20 years, FPL's consultants have acted as trusted advisors to senior leaders at companies throughout the real estate and financial services industries.

FPL is comprised of three primary operating companies that work together to serve a common client base. Ferguson Partners Ltd. provides executive and director recruitment, succession planning, and board assessment services, FPL Associates provides compensation consulting services, and FPL Consulting provides a range of organizational, financial and strategic consulting services. FPL is headquartered in Chicago, with offices in Boston, New York, London, Hong Kong, San Francisco, Singapore, Tokyo, and Toronto.

www.fpladvisorygroup.com

CONTACT: Julia Gier 312.893.2340 jgier@fpladvisorygroup.com

Source:FPL Advisory Group