helpful family business articles
Would a family business choose to base how it is governed on the general assumption that the key players are not to be trusted?
If you are likely to answer this question ‘no’ then would it possibly change your mind to know that distrust underlies the model of corporate governance that is often recommended to family businesses as a good model to follow?
Read MoreWhere there are a small number of family members, some of whom are also involved in the enterprise as owners or managers, important discussions concerning the overlapping interests of the family and the enterprise are likely to take place spontaneously whenever needed. This tends to mean that they happen informally over dinner, at weekends, or during vacations.
However, as a family grows and their enterprise becomes more complex, the governance of the family becomes as important as the other parts of the family enterprise and informal governance may need to be replaced by more formal arrangements.
Read MoreAny strategy that seeks to optimise all forms of a family’s wealth that are connected to their enterprise needs to consider how the family is governed. This blog post looks at the goals and tasks that can be assigned to family governance.
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