It’s Not All About Voting Power

In this video, Banyan’s Alison Isaacson explains the concept of “voice and vote” in family businesses. Although not all owners may have the legal right to vote the shares, it can be incredibly beneficial to hear the “voice” of the other owners. Alison explains how effective this can be, sharing a story of how one owner with the voting power wanted and valued the perspective of the rest of the owner group. Not only did this have a positive impact on the business, it had a positive impact on the family.