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The Art of Letting Go & Letting Grow
in Family Business Transitions

CLOCKWISE FROM TOP: Heather Chandler, Jo Anne Forman, Steve Kendra, Phil Clemens

Wednesday, May 24, 2006
7:30 AM - 11:15 AM
Indian Valley Country Club, Telford, PA
Breakfast buffet included

Join us to learn how a founding entrepreneur and her daughter, a large multi-generational family firm, and a sibling partnership have negotiated the emotional ?whitewaters? of family business transitions.

Management succession in family businesses is an art requiring growth and emotional elasticity in both generations. The challenge of the senior generation is not only to ?let go? but also to ?let themselves grow? as they prepare for the next meaningful stage of their life. Likewise, next generation leaders need to take responsibility for initiating their own development and even recommending the structure of the transition process.

The natural complexities of a family business ?changing hands? often leads to confusion, frustration, and strained relationships. Both family relationships and business performance are at risk.

• How do families create a strong platform or a safe container to manage these challenges so both the business and family can thrive?
• Why is it so difficult for many seniors to ?let go? of the baton?
• What are the challenges of succeeding your father or mother?
• How can key senior executives support this transition?
• How do successors make their mark , initiating significant strategy, team or business system changes without ?offending? family members?
• How does the next generation gracefully leave if the family business isn?t right for them?

Meet the Speakers:

Jo Anne Forman, President, Sealstrip Corporation, Boyertown
Heather Chandler, Exec. Vice President, Sealstrip Corporation, Boyertown
Phil Clemens, Chairman & CEO, The Clemens Family Corp., holding company of Hatfield Quality Meats, Hatfield
Steve Kendra, Former President, Precision Solutions Inc., Quakertown

For More Information:

> Download Event Brochure (PDF)

Please contact Sally Derstine at (215) 723-8413 or click here for more information or to register.

The Family Business Learning Community gathers monthly to learn best practices of successful business families and competent advisors. Join our membership of over 80 family firms from all industries across the tri-state area. These 1st through 5th generations learn from each other and with each other at quarterly Forums and monthly Mini-Forums.

Forum cancellations must be made 2 days prior to event; if registration fees are involved, they cannot be refunded or waived when cancellations are made after that date or when the registrant does not attend.

Directions:

Indian Valley Country Club
650 Bergey Road, Telford, PA
(215) 723-9886
www.indianvalleycc.com

From PA Turnpike (East / West)
-Take PA turnpike to northeast extension (route 476). See below.

From PA Turnpike (Northeast Extension /Interstate 476)
-Follow northeast extension to exit 31 - Lansdale.
-Exit toll booth and turn right onto Sumneytown Pike (PA route 63 West).
-Follow 63 West approximately 4 miles to center of Harleysville.
-Turn right at Harleysville Pike (PA route 113 North).
-Follow 113 North approximately another 4 miles into Telford.
-Turn left onto Telford Pike just before the Getty Gas Station.
-Travel about 50 yards, then turn left again onto Bergey Road.
-The clubhouse is 1/2 mile on the left.

From PA Route 309
-Follow PA route 309 to Souderton Exit (route 113).
-Turn onto route 113 South and follow approximate 1 mile into the center of Souderton.
-Immediately after crossing over the railroad tracks, turn right and continue following route 113 South.
-Travel approximately 1.5 miles until you reach Bergey Road (just before the Getty Gas Station). -Turn right onto Bergey Road. The clubhouse is 1/2 mile on the left.