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Chapter 22 - MY COMPANY

Whitaker Property Management underwent its own review because I had let Marlene handle too many family-company crossovers.

No major fraud.

Some sloppy conflicts.

Mercer vendor contracts needed independent bidding.

I stepped down as sole chair.

Added two outside directors.

Employee director.

Audit committee.

Why?

Because “Ethan trusts his mother” had once been enough explanation for transactions.

Never again.

I sold a minority stake to employees over time.

Not moral theater.

Governance.

May you like

My father had built the company.

I did not need to preserve absolute family control to respect him.

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