What Daughters Learn When Mom Is the Boss of the Family Business

A well-run company may be the best Mother's Day gift of all for women who follow their mothers into family-business leadership roles. After all, their mothers were the ones who taught them about leadership in the first place -- both at home and in the office, where they focused on building enduring companies.

In the process, those mothers exemplified a new paradigm for their daughters, demonstrating how to put their values to work and build on the legacies they inherited.

As an EY global survey of the world's largest family businesses, Women in leadership: The family business advantage showed, the presence of women in family-business leadership roles makes it easier for all of the company's women -- family and non-family alike -- to see themselves as leaders.

The study, conducted by an independent research institute, surveyed 525 of the world's largest family businesses across multiple industries. The responses represented 25 of the largest family businesses in each of the top 21 global markets.

More recent data, to be released from EY's Global Family Business Survey 2018, showed that 60 percent of the world's largest family businesses were considering having a woman as their next CEO. In addition, 82 percent of these companies already had women in their C-Suites. Those that did averaged a leadership roster of nearly six women in these roles, up 20 percent in the just three years since EY's earlier survey.

Clearly, then, companies are increasing their numbers of women in leadership roles. The experiences of the following three leaders support these findings that show family businesses excel at advancing women.  

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Carrie Hall- Guest Writer
Leader, EY's Family Business Center of Excellence in the Americas
Entrepreneur.com