Deciding Where Spouses Fit In

Listen to Margaret-Jean Mannix talk about her family business’s employment framework and how spouses fit in.

How our family decides when a spouse has the opportunity to participate in the family business piece is really unstructured. Actually our generation is the first time that spouses have been at the table. At the table at the family council or at family meetings and certainly at the table from business opportunity perspective, which is very interesting. So it’s interesting, my husband actually works for my uncle, and you know a different line of the business and so, how did that come about? We actually had a family project where he demonstrated his skill sets and was identified as someone who could make a contribution to the businesses. So, pretty organic, we do have a family employment framework for our family and I have to see if we actually mention spouses in it, because I don’t think we’ve distinguished, but it’s something we definitely need to work on.