Governance in family businesses like SR TMX goes beyond legal structures — it’s about setting up systems that balance family, ownership, and business interests. Right now, SR TMX lacks formal governance, which is leading to unclear roles and growing tensions.
The paradox here is that while good governance provides clarity and fairness, many founders see it as a threat to their authority. In reality, it can protect both the business and family relationships.
Learning about tools like family councils and family constitutions made me realise how important it is to create shared rules before conflicts grow. In SR TMX, formal governance could help manage succession, avoid sibling rivalry, and bring stability for the future.