The Family Biz Show How to Develop a Family Council for Stronger Governance | The Family Biz Show Ep. 52
Mar 8, 2022
Lisa and Jay Daniel, part of the Lodge Cast Iron family, share their insights on developing a family council to strengthen governance. Lisa, a co-founder of Integrate Systems, and Jay, a fifth-generation board member, discuss the significance of clear communication and ownership dynamics. They delve into bridging generational gaps and customizing traditions, emphasizing the value of shared experiences like annual family events. Their journey showcases how a strong family council can enhance connections and support future generations in the business.
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Jay Daniel's Board Journey
- Jay Daniel joined the Lodge board in 2006 after showing business success in his own ventures.
- He spent early years learning and listening before contributing fully to the family business.
Lisa Daniel's Family Council Start
- Lisa Daniel married into the Lodge family in 1994 and was gifted cast iron cookware on her wedding day.
- She became engaged in family council projects after the company started one about five years ago.
Lodge's Enduring Culture
- Lodge's culture of commitment, community, and reinvestment sustains through generations.
- Success is measured by family pride and contribution, not just the bottom line.