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FOX Workshop Prepares Families for Leadership Transitions

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CHICAGO, March 14, 2013 (GLOBE NEWSWIRE) -- Family Office Exchange (FOX), a global organization that advises the family wealth market, announced a new workshop for family enterprises facing a transition in leadership. The program, titled "Family Leadership Succession: Developing a Roadmap for Successful Leadership Transitions," will be held April 22-23 in Chicago.

The workshop follows on the heels of a roundtable FOX co-sponsored with law firm Schiff Hardin that found families in the process of board development are also frequently in the midst of a leadership transition. The event held February 25 in Chicago was attended by 26 wealth owners and their advisors, and it focused on family enterprise board development.

"We found during our recent roundtable that many families undergoing a leadership transition are more open to the idea of adding directors from outside the family to their boards," says FOX Managing Director Karen Neal. "This suggests many families are actively seeking outside advice in dealing with leadership succession issues, something our upcoming workshop addresses."

This is the second consecutive year FOX is offering leadership succession education. The workshop is designed to meet the needs of multi-generational family enterprises and will cover:

  • How to articulate shared goals
  • What it means to lead a family enterprise
  • The pitfalls and challenges of leadership succession
  • How to develop a succession roadmap

Attendees will also hear from a panel of the previous year's attendees on lessons learned and where they are in their legacy planning.

"One of the real benefits of this workshop is it allows attendees to hear a firsthand account from others who've gone through a leadership transition," says FOX CEO Sara Hamilton.

FOX membership is not required to attend the class, although members do enjoy a discounted rate. Seating is limited to assure an optimum learning experience. Additional information is available at https://www.familyoffice.com/learning-events/workshops/family-leadership-succession-workshop-developing-roadmap-successful.

About Family Office Exchange

Family Office Exchange supports a global member network of wealthy families and their advisors who are pursuing best practices for optimal management of their families' wealth and legacy. The community includes over 6,000 people from 650 organizations in 20 countries who utilize FOX's resources each year for advice, networking, education, and comparative metrics.

FOX is headquartered in Chicago and London, with offices in New York and Boston. For more information about FOX, call 1.312.327.1200 (The Americas) or 44.(0)20.7520.9443 (Europe, Africa, Asia/Pacific) or visit www.familyoffice.com.

The Family Office Exchange LLC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13984

CONTACT: Media contact Marvin Pollack press@familyoffice.com 312-327-1200

Source:Family Office Exchange LLC