Most family businesses have a short life span, rarely going beyond their founder’s stage. In fact, it's estimated that 95 percent of family businesses do not survive the third generation of ownership. This is often seen as the result of a lack of sustainable governance structures, unmanaged growth risks and failure to address succession. Dr. Jay Bevington, partner in Heidrick & Struggles’ Dubai office, and a member of the CEO & Board of Directors Practice discusses how family businesses can navigate these issues.

Presented: Ryan Huang & Emaad Akhtar