Family Business Governance Maximizing Family and Business Potential

by Ward, John L.; Aronoff, Craig E.

• ISBN13: 9780230111066
• ISBN10: 0230111068
• Edition: Reprint
• Format: Paperback
• Copyright: 2010-12-15
• Publisher: Palgrave Macmillan

Summary

Strong family governance can create an environment of smooth decision making, cohesiveness, effective conflict resolution and a directive that moves the business forward. Yet a weak governance or worse yet, a complete lack of governance can lead a business astray. InFamily Business Governance, authors Aronoff and Ward show leaders why a strong governance is critical to taking families from one generation of success to the next.

Author Biography

Craig E. Aronoff is Co-founder, Principal Consultant, and Chairman of the Board of the Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center, and current Professor Emeritus at Kennesaw State University. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide. John L. Ward is Co-founder of the Family Business Consulting Group, Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management business leadership, and family enterprise continuity.

Table of Contents

Tables and Exhibits	p. vii
Introduction	p. 1
The Importance of Thoughtful and Effective Governance	p. 5
The Differing Roles of the Family and the Board	p. 15
Organizing the Family	p. 29
Organizing the Board	p. 49
Managing Overlapping Concerns	p. 65
Managing Communication between Family and Board	p. 69
How Governance Changes as the Family Business Evolves	p. 75
Summary	p. 85
Index	p. 89
The Authors	p. 95
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