In this insightful episode of ABFI Table Talk, host Matt Knight speaks with Franco Lombardo, founder of Veritage, about his transformative journey from financial advisor to emotional governance coach for business families. Franco shares how an ABFI event many years ago sparked his interest in family businesses, leading him to discover that even financially successful families often struggle with emotional safety within their relationships.The conversation explores several key themes that are essential for family business success:Emotional Governance: Franco explains how traditional governance documents alone cannot manage family dynamics; families need emotional governance systems that help members feel safe, respected, and included in decision-making.Safe Space Creation: Through his coaching approach, Franco helps family members understand their behaviors, identify emotional triggers, and create environments where authentic communication can flourish.Next Generation Preparation: The discussion highlights the delicate balance between supporting children and allowing them to face challenges, with practical examples of how parents can avoid enabling entitlement.Legacy Beyond Finances: Franco emphasizes that a family's most valuable asset is its human capital, suggesting that the greatest legacy is raising responsible, contributing children rather than simply transferring wealth.This episode offers valuable insights for family business leaders struggling with succession planning, family dynamics, or raising next-generation leaders who will steward the business responsibly. Franco's frameworks provide practical tools for addressing the emotional underpinnings that often determine whether a family business thrives across generations.Listen to the full episode to discover how implementing emotional governance practices can transform your family business relationships and create a foundation for sustainable success.Learn more about ABFI at https://abfi.ca/, connect with Matt Knight at [email protected] or LinkedIn https://www.linkedin.com/in/mattknight/ or Twitter @mattaknightLearn more about Veritage at https://veritage.ca, connect with Veritage at [email protected] series is proudly produced by the team at Road 55 - located in Edmonton, Alberta. For more information, please visit: www.road55.ca 

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