What does the Ferragamo Family Business teach you about your family, independent boards and governance?

There are many lessons that my family business can adopt from the Ferragamo Family Business. Firstly, the company chooses the employees and successors based on their skills and qualifications. As my family business is run mostly by men, they should incorporate employees based on skills regardless of gender. Moreover, the company has ensured equal rights and salaries for the employees. This is a lesson for my family to give equal opportunity to every employee.

The Ferragamo Family Business incorporates the policies of the family to protect the business. The company has equal regulations for all the family members. All the members are chosen according to their abilities and skills and are paid equally. This is also relevant to my family as all members are treated equally based on their capabilities. Moreover, it is important for our business to have independent executives too like Ferragamo Family Business has appointed a non-family CEO. The governance of a company must be efficient to treat the employees based on their qualifications.