Leadership transitions are difficult for any family business, and King Charles III’s ascension will be no exception. A case — a business case, that is — can be made that Charles should break with a millennium of tradition and not serve until he dies. AdvertisementLike any family business leader, he also will need to juggle the demands of multiple constituencies, according to Wing, the family business expert at Harvard. Even so, without solid public support, the royal family could find its government payments cut or even eliminated. But the royal family must also adapt to the times.

Source: Forbes September 19, 2022 20:16 UTC