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Building a Successful Family Business BoardLinking Family and Business Governance in Later Generations

Building a Successful Family Business Board: Linking Family and Business Governance in Later... [A common conception about family business throughout the world holds that the first generation builds the business and later generations harvest the business rather than reinvesting for long-term success. Nonetheless, many family businesses strive to achieve a lasting legacy. A strong, independent board of directors is one tool to strengthen the business. But, the board alone cannot ensure survival. A supportive family ownership group, organized to work in support of the board and the business, is crucial as well.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Building a Successful Family Business BoardLinking Family and Business Governance in Later Generations

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-0-230-11154-7
Pages
165 –187
DOI
10.1007/978-1-137-51171-3_10
Publisher site
See Chapter on Publisher Site

Abstract

[A common conception about family business throughout the world holds that the first generation builds the business and later generations harvest the business rather than reinvesting for long-term success. Nonetheless, many family businesses strive to achieve a lasting legacy. A strong, independent board of directors is one tool to strengthen the business. But, the board alone cannot ensure survival. A supportive family ownership group, organized to work in support of the board and the business, is crucial as well.]

Published: May 18, 2017

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