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[For many family firms, working with an independent board is a new experience that poses unforeseen rewards—and challenges. Every board meeting can be an adventure, an exploration of the unknown. The spontaneous interaction of experienced business owners, entrepreneurs, and managers facing common questions can spark insights and ideas gratifying to all involved. The result may be breakthrough thinking—a contribution that strips away burdensome preconceptions and often transcends the capability of any individual board members.]
Published: May 18, 2017
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