176. Karen Morton: Family businesses generate 70% of global GDP: why most don’t have boards, and how those that do work
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Karen Morton is NED on the boards of daa plc (which operates Dublin and Cork airports), Shaws Department Stores and Fanagans Funeral Directors, two of Ireland's most established family-owned businesses, and Golf Ireland. Listen to our this episode to learn about: What makes family business boards fundamentally different (01:05) The five moments that push a family business to finally get a board (07:25) Karen’s playbook for your first 90 days of joining a family business board (10:38) The hidden family dynamics that can derail board decisions (15:14) When doing the “wrong” thing commercially is actually right (19:40) How to navigate emotional boardroom deadlock (25:24) How to challenge the family while keeping trust intact (28:00) The most difficult boardroom challenge in a family business (33:12) What to do when a high-performing family executive is toxic (35:06) ⚡The Lightning Round⚡(39:36)
Host: Oliver Cummings
Producer: Will Felton
Editor: Penelope Coumau
Music: Kate Mac
Audio: Nick Kold
Email: podcast@nurole.com
Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom