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Bentonville-based retailer Walmart hosted its annual shareholder's meeting on Wednesday, June 5, where shareholders heard presentations proposing various actions.
Members are aware of what's expected of them. two, communicate formally and openly in the work place. your staff should see that decisions are being made in the office and not at home. three, set compensation. paying family can be a tricky issue. set a predetermined compensation plan or work with an independent consultant to decide salaries. four, establish a welcome plan. determine how family members should be brought into the business. and, number five, have a secession plan in place. determine future ownership and management far in advance so as to avoid any confusion. it's time now to an...