Part I. Overview of family business. Chapter 1. Introduction to family business ; Chapter 2. Overview of family business theories -- Part II. Types of governance for family businesses. Chapter 3. Introduction to governance ; Chapter 4. Family governance ; Chapter 5. Governance of the business ; Chap...

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Bibliographic Details

Main Author:	Alderson, Keanon (Author)
Format:	Electronic eBook
Language:	English
Published:	New York, New York (222 East 46th Street, New York, NY 10017) Business Expert Press 2019
Edition:	First edition
Series:	Entrepreneurship and small business management collection
Subjects:	Investments, Foreign / India Family-owned business enterprises Corporate governance Electronic books
Online Access:	DE-92 DE-706 Volltext
Summary:	Part I. Overview of family business. Chapter 1. Introduction to family business ; Chapter 2. Overview of family business theories -- Part II. Types of governance for family businesses. Chapter 3. Introduction to governance ; Chapter 4. Family governance ; Chapter 5. Governance of the business ; Chapter 6. Ownership governance -- Part III. Increasing the professionalism of the firm and the role of governance in the future. Chapter 7. Increasing the professionalism and effectiveness of family firms ; Chapter 8. The future of governance -- Conclusion -- Case studies -- Appendix -- Glossary -- References Family business is the most prevalent form of business organization in the world. Much of the existing literature on family and corporate govern-ance focuses on the larger and often publicly owned corporations instead of the unique and special issues of the much more prevalent privately held (usually smaller) family businesses. This book presents research-based information to provide the reader a deeper understanding of the complex nature of family-owned businesses, their problems and challenges, and the unique governance structures and mechanisms that have been developed to properly guide a family business to greater effectiveness. For the family, such structures include having family meetings, a family council, and a family constitution. For the business, the board of directors provides experienced and knowledgeable advice and recommenda-tions, as well as oversight and monitoring activities. For the owners, a shareholder's council and an annual shareholder meeting allow increased communication and voting on decisions. These family governance mechanisms have been shown to increase communication, reduce conflict, and improve decision making and professionalism. Each governance tool will be explored in depth. The audience for this book is family business owners, consultants, practitioners, and family business scholars. Cases provide readers an opportunity to apply their learning to real business problems
Item Description:	Includes bibliographical references and index
Physical Description:	1 Online-Ressource (148 pages)
ISBN:	9781949991314