Family Business Governance: Maximizing Family and Business Potential

Effective governance empowers leaders of the business and the family to make the most of the unique strength of a family business: the synergy between a strong, unified owning family and a well-run family enterprise. In Family Business Governance: Maximizing Family and Business Potential you'll learn: how effective governance can have a positive impact on your family and your business; how to set up productive governance structures; how to overcome objections to establishing governance processes; how to determine primary responsibilities of the board, the family, and management; how to recruit and use your board; how outside directors can help strengthen your business and insure its continuity; how to set family policies and procedures that govern key areas of family concern; how to earn "voice" in the family and in the business and much more... While every family business is unique, embracing systematic governance processes can help any family business achieve goals shared by virtually all.