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non-family management

Governance top priority for Indian family businesses

May 26, 2011

Interest in successful governance at Indian family businesses has grown hugely in the past five years, according to Kavil Ramachandran of the Indian School of Business.

The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management told CampdenFB that a much broader focus on family business management in India is essential.

“Management is no longer seen as wholesome but as comprising three levels – governance, strategy and operations,” he said.

Freedom's dynasty within a dynasty

April 7, 2010

Earlier this decade, US-based Freedom Communications was one of the largest family-owned media companies in the world, owned completely by the descendants of founder R C Hoiles, writes JoAnne Norton

Earlier this decade, US-based Freedom Communications was one of the largest family-owned media companies in the world. The third-generation, $2.5 billion company was completely owned by approximately 70 descendants of R C Hoiles, Freedom's founder, writes JoAnne Norton.

Case studies in good governance

March 31, 2010

Family business researchers, educators and advisors have long been touting the need to extend the role of governance to non-family members, write father-and-son team Paul and David Karofsky

Family business researchers, educators and advisors have long been touting the need to extend the role of governance to non-family members, write father-and-son team Paul and David Karofsky.

Armani announces management restructure to promote non-family

October 2, 2009

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions.

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions. The reshuffle also includes expanding the board of directors in a move that will professionalise the €1.6 billion company and dilute the input of the family.

Tyson Foods loses CEO amid claims of family interference

January 6, 2009

Dick Bond, the president and CEO of Tyson Foods has unexpectedly quit the family-owned US meat producer.

It is being reported that non-family executive Bond did not appreciate the increased involvement of Don Tyson, the 78-year-old son of the company’s founder who controls roughly 70% of the voting shares.

Tellingly, no thanks or praise was offered to Bond in the press statement released by the Arkansas-based organisation, which is the world’s largest processor and marketer of chicken, beef and pork.