Building a Successful Family Business Board: A Guide for Leaders, Directors, and Families

Building a Successful Family Business Board: A Guide for Leaders, Directors, and Families
ISBN-10
1137511729
ISBN-13
9781137511720
Category
Business & Economics
Pages
272
Language
English
Published
2011-01-15
Publisher
Palgrave Macmillan
Authors
John L. Ward, Jennifer M. Pendergast, Stephanie Brun de Pontet

Description

Boards of directors can help businesses succeed - yet many family businesses do not have functioning boards of directors that play a valuable role in providing oversight to their businesses. In Building a Successful Family Business Board, the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm. The book provides best practices for owners and directors with step-by-step guidelines for developing and managing a board - from writing the initial prospectus, through conducting lively meetings, to maintaining open, honest communication between owners, directors, family members, and other stakeholders in the firm.

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