In this episode, co-hosts Ashka Wirk and James Grieve are joined by Barb Schimnowsky, CMC, FEA, Partner at Watson Advisors Inc. Barb shares how governance, director recruitment, and leadership dynamics can help family andfounder-led businesses thrive and transition successfully. She explains why governance matters even in early growth stages, how to build effective boards or advisory councils, and the importance of recruiting directors who align withfamily values while bringing independent strategic thinking. Through real-world examples, Barb illustrates how governance supports leadership transitions,balances family priorities with business performance, and acts as a performance multiplier by shifting decision-making from reactive to strategic.