2018 July Hardwood Matters

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EDUCATIONAL SEMINARS & SPEAKERS

Wednesday, October 3 1:30-2:30pm

THE KEYS TO MULTI-GENERATIONAL FAMILY OWNERSHIP: STRONG ROOTS BUILD A LASTING LEGACY by Josh Baron While survival is an issue for any type of company, it is of particular concern to most family businesses. Their companies are not just sources of wealth, but also of identity, pride, and legacy. They take seriously the impact that they have on employees, customers, and communities. As a result, the cost of failure is especially high. Of course, there is no sure-fire way to guarantee that a family business will endure across generations. However, experience working with hundreds of family businesses across the globe suggests that the most common pitfalls to long-term survival can be avoided by working through a similar set of issues. There is no one-size-fits-all answer, but instead a common set of questions that can best position family businesses to last for the long-term. In this session, Josh Baron will share five key tools that every family business can use to help set the stage for multi-generational success. The session will combine an overview of the tools with a panel discussion where family business leaders share their experiences in applying them. In addition, participants will have the opportunity to complete a self-assessment survey so that they can leave the session with an identification of the priorities for their own family business. Josh Baron is a co-founder and Partner at BanyanGlobal. For the last decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Josh is also an Adjunct Professor at Columbia Business School, where he teaches a class called “Managing Conflict in Family Business.� Before Banyan, Josh worked at Bain & Company, The Bridgespan Group, and a firm he co-founded that advised family philanthropists. Josh has written extensively for Harvard Business Review, and also written for The Huffington Post, Trust & Estates Magazine, and Family Business Magazine. A graduate of The University of Pennsylvania, Josh received a BS in Economics from the Wharton School of Business and a BA in International Relations with Honors. He also holds a Masters with Distinction in International Relations from the University of Cambridge and a Masters and Ph.D. in Political Science from Columbia University.

GOOD F EL LOW To all of our loyal suppliers and our great customers,

THANK YOU.

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201 8 NHLA ANNUAL CONVENTION & EXHIBIT SHOWCASE

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