In recognizing of the importance of family-owned businesses in the development of national economies, we partnered with the Centre for Values in Leadership (CVL) to organize a one-day seminar with the theme- DISCOVERING THE ITALIAN FAMILY BUSINESS CULTURE AS A SUSTAINABLE BUSINESS MODEL.This edition of the Family Business forum laid emphasis on essentials in making decisions in family business with focus on succession planning.Succession planning is the toughest and most critical challenge family businesses face. Yet succession planning can also be a great opportunity to maximize opportunities and create a multi-generational institution that embodies the family’s values and mission for generations to come. Also, it was debated that fairness is one amongst the fundamental issues in Family Business decision-making Solutions that are perceived as fair by the family and business stakeholders are more likely to be accepted and supported Fair process helps create organizational justice by engaging family members, whether as owners and employees, in a series of practical steps to address and resolve critical issues Fair process lays a foundation for continued family participation over generations. In recognizing this as an important tip and imbibing it in the family business processes goes a long way to improve the success of Family-Owned Business.