Topics of Family Business Governance
Insights on Structures, Strategies, and Executives
Topics of Family Business Governance
Insights on Structures, Strategies, and Executives
This book focuses on the role of the board in family businesses and specifically on processes and topics of strategic importance. It comprises all the relevant topics which need to be addressed on a regular basis such as strategy development, financial management, and leadership. The pros and cons of each issue are elaborated. This is one of the few books which addresses family businesses from governance systems to the role of executives. The diverse set of examples carefully collected by the authors and an in-depth discussion on the topics provide readers with valuable insights to broaden and enrich the effectiveness of governance.
The design of boards for comprehensive tasks and efficient processes.- Introduction.- Exploring the topics of governance.- Modules and tasks of governance.- One-tier and two-tier boards.- Design parameters of a board for family enterprises.- Governance for the lone founder.- Agenda setting:Clarifying the strategic situation and the challenges.- Monitoring: We need meaningful data.- The difficult task of advising.- To create a sense of urgency.- The board's key role during a crisis - such as COVID-19.- The board's discussions on topics of family enterprises' strategies.- The key issues of the family enterprise's strategy.- Profits as the basis of strategy.- Investments strategy for stability and development
Innovation strategy for renewal and growth.- Patterns of family enterprise's growth.- Avoiding unacceptable risks.- Compliance and environmental protection: CSR in family enterprises.- Recession management for coping with economic cycles.- Fighting financial squeeze.- The trade-offs of mergers & acquisitions.- The trade-offs of going public of family enterprises.- Profit distribution policy in family enterprises.- The development of professional owners and capable executives in family enterprises.- Developing responsible owners in family business.- Development of executives in family enterprises.- Challenges and benefits of sibling-consortium in management of family enterprises.- Preparation for succession in family enterprises.- The challenges and benefits of non-family-management in family enterprises.- Professional executive search for family enterprises.- The trade-offs of incentive programs in family enterprises.- The family is the destiny of the enterprise.| ISBN | 978-3-030-58018-6 |
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| Artikelnummer | 9783030580186 |
| Medientyp | Buch |
| Auflage | 1st ed. 2021 |
| Copyrightjahr | 2020 |
| Verlag | Springer, Berlin |
| Umfang | XIII, 157 Seiten |
| Abbildungen | XIII, 157 p. 9 illus. |
| Sprache | Englisch |
