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Governance

April 1, 2003

As academic provision for family businesses reaches critical mass, more innovations are being developed that provide an alternative or add-on choice for the sector

Melanie Stern is Section Editor of Families in Business magazine.

As academic provision for family businesses reaches critical mass, more innovations are being developed that provide an alternative or add-on choice for the sector

April 1, 2003

With the creation of so many new family businesses in the past 20 years, there is a greater demand for specialist education in the field. Luckily for family business members, the academic world is responding with more programmes specifically targeted at the sector

Maurice Smith is a business journalist with 20 years' experience in newspapers and ­broad­casting. He is the author of Great Scots in ­Family Business.

With the creation of so many new family businesses in the past 20 years, there is a greater demand for specialist education in the field. Luckily for family business members, the academic world is responding with more programmes specifically targeted at the sector

April 1, 2003

Family businesses may have a better time weathering the economic downturn on the business front – all the more reason to work hard to keep themselves and their businesses in balance

Bonnie M Brown is President of Transition Dynamics Inc in Eugene, Oregon, USA.

Family businesses may have a better time weathering the economic downturn on the business front – all the more reason to work hard to keep themselves and their businesses in balance

Recently I facilitated discussions among families in business on "finding well-being amidst chaos: keeping yourself, your family and your business in balance". We began with an informal assessment of stressors at the end of a typical family business day in the post-9/11, post-Enron United States. 

April 1, 2003

Striving for justice and fairness in the family firm

Christine Blondel is Senior Research Programme Manager, INSEAD Initiative for Family Enterprise.

Randel S Carlock is the Berghmans/Lhoist Chaired Professor for Entrepreneurial Leadership at INSEAD.

Ludo Van der Heyden is the Wendel Chaired Professor for the Large Family Firm at INSEAD.

Striving for justice and fairness in the family firm

April 1, 2003

Family executive teams can be a great way for families to manifest their values and sustain a powerful company. But creating a balanced and well-functioning team demands continual monitoring and attention

Dennis T Jaffe, PhD is professor at Saybrook Graduate School in San Francisco, author of Working With The Ones You Love, and a founding member of the Aspen Family Business Group.

Family executive teams can be a great way for families to manifest their values and sustain a powerful company. But creating a balanced and well-functioning team demands continual monitoring and attention

April 1, 2003

It is never too late to start planning for succession. The financial/business options for providing what meets each family member’s needs are not as limited as they may at first appear

Justine Ferguson is a consultant with Family Business Solutions Limited and an associate with Wright, Johnston & Mackenzie Solicitors based in Glasgow, Scotland.

It is never too late to start planning for succession. The financial/business options for providing what meets each family member's needs are not as limited as they may at first appear

April 1, 2003

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

Grant Gordon is Director General of the Institute for Family Business (UK).

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

In family business, planning for the future is one of the keys to securing long-term shareholder adhesion to the family project. The family council is arguably one of the principal tools at the disposal of families to help better plan their futures and exercise greater control over the outcomes.

April 1, 2003

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc (“County”) that thrived during a highway construction boom.

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc ("County") that thrived during a highway construction boom. Harold and his wife Gladys equally, as the Reynolds Limited Partnership ("the Partnership"), own the real estate where County conducts its active business. Gladys and Harold have three children: Bill (48), Cathy (44) and Ricky (42).

April 1, 2003

Family owners, and all major shareholders in the family business, need to understand the strategic planning process of their business to sustain the long-term value of their company

John L Ward is the Co-Director of the Center for Family Enterprises at Kellogg Graduate School of Management (USA) and the Wild Group Professor of Family Business at IMD (Switzerland). He serves on the boards of four family companies in Europe and the USA.

Randel S Carlock is Berghmans Lhoist Professor in Entrepreneurial Leadership at INSEAD (France and Singapore) and Opus Endowed Professor of Family Enterprise at St Thomas University (USA).

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