ABSTRACT
This chapter presents the case study on father-daughter succession issues in the Colombian family business context. As a collectivist society, families are the centerpiece of Colombian culture. Colombian culture is also characterized by an economic and cultural hierarchy. Women's roles in Colombia have changed dramatically in the last 25 years and women are now prevalent in businesses, education, and politics. Women in higher social classes are well educated and often work in the family foundation, charitable organizations, or politics. It is important to the family to maintain ownership and leadership of the company. While there is a dearth of literature on father-daughter succession practices in Colombia, there are a few studies examining the unique needs and processes of Colombian family firms. The gender parity has increased in Colombia but men continue to hold more status. Then the gender egalitarianism is often subject to class, and employment opportunities are influenced by family ties, status, income, power, success, age, and skin color.
