Family Business
Resources

Structuring Ownership

Length

1 min

AppID

VIMEO-133561586

Description

Margaret-Jean Mannix explains that ownership in their philanthropic foundation is a training ground for future activities.

Language

English
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Transcript

The way we structured ownership in our generation was that automatically at age 18 you become a shareholder. Not necessarily that you are on the board or not that you’re serving necessarily in the decision making around the philanthropic foundation, but you do become a steward. And so in that regard, every single woman in my generation is an owner, and I think that’s also a great training ground that prepares us to be owners when it comes our time for the operating companies.