What are the operational risks of family holding companies?

Relatives are in conflict! Mainly because of the existence of blood relationship, we can work together in the early stage of starting a business, but once the business is successful, many problems are exposed: self-evaluation is too high, and no one is satisfied with the uneven distribution of money and uneven management power. Once shareholders do not obey those in power, there will be many contradictions, so it is difficult to carry out an enterprise development plan. Let's talk about a colleague who is also a family-owned joint-stock enterprise. When it was first established, all the relatives participated, which led to too scattered shares. It turned out to be a limited company. Because of the loss, it was changed into a general partner company, which is equivalent to putting the general manager in power in chains. No one refuses to obey anyone, and always quarrels, especially in meetings, when my sister scolds my brother, my uncle slaps the table at my nephew, and when you drop your notebook, I break the cup. This scene is very funny. Buying new equipment and upgrading technology always fails in the board meeting, and the elders are reluctant to spend money, which leads them to still use old-fashioned equipment with extremely low production efficiency and low precision. Our equipment has been upgraded to the fifth generation, and at present we all rely on renting factories for a living, which simply can't keep up with the pace of competition! It started a long time ago, but the development has long been out of date!