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Building a Successful Family Business BoardTruth and Myths about Boards: Meeting the Challenge

Building a Successful Family Business Board: Truth and Myths about Boards: Meeting the Challenge [Every business must name a board to meet legal requirements. In our survey, we found that many family businesses stop there. Only 48 percent of respondents have a board that meets more than two times per year. Boards that meet no more than every six months cannot effectively support management during challenges, nor can they provide maximum value to key strategic decisions.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Building a Successful Family Business BoardTruth and Myths about Boards: Meeting the Challenge

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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
9 –23
DOI
10.1007/978-1-137-51171-3_2
Publisher site
See Chapter on Publisher Site

Abstract

[Every business must name a board to meet legal requirements. In our survey, we found that many family businesses stop there. Only 48 percent of respondents have a board that meets more than two times per year. Boards that meet no more than every six months cannot effectively support management during challenges, nor can they provide maximum value to key strategic decisions.]

Published: May 18, 2017

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