The family business : its governance for sustainability

Abstract

PART ONE: THE WORLD OF FAMILY BUSINESS The Nature and Significance of Family Business Stages of Evolution in Family Business PART TWO: THE CONCEPT OF CORPORATE GOVERNANCE AND A CLASSICAL GOVERNANCE STRUCTURE IN A FAMILY BUSINESS The Concept of Corporate Governance in Family Business PART THREE: FOCUS ON FAMILY INSTITUTIONS AND THE BOARD OF DIRECTORS Key Elements of a Governance Structure in a Family Business: The Family and Its Institutions Key Elements of a Governance Structure in a Family Business: The Board of Directors PART FOUR: THE DIRECTING TASK OF CORPORATE GOVERNANCE: KEY MEASURES Securing CEO Succession as a Key Governance Measure in a Family Business Vision and Strategy as Key Governance Measures in a Family Business Securing Financial Resources as a Key Governance Measure PART FIVE: HANDLING THE CONTROLLING TASK OF CORPORATE GOVERNANCE Control as a Key Governance Measure PART SIX: HOW TO PUT THESE GOVERNANCE INSIGHTS INTO PRACTICAL USE Putting it All to Work: A Practical Process to Create a Governance Structure for a Family Business Epilogue: Enlightened Ownership of Family Enterprise