Developing policies to guide decision making can help the family business avoid serious problems. The authors provide a step-by-step process for engaging family members in developing policies which cover issues such as: dealing with conflicts of interest; retirement timing; distribution of profits; loan programs; compensation and succession.

Through pages filled with wisdom, tips, guidelines and experiences, the authors seek to navigate brothers and sisters who work in the family business or who are active owners through the challenges and opportunities and to retain the integrity of the family while serving the business.