Developing Family Business Policies: Your Guide to the Future
C. Aronoff,J. Astrachan,J. Ward
Developing Family Business Policies: Your Guide to the Future
C. Aronoff,J. Astrachan,J. Ward
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Developing policies to guide decision making can help the family business avoid serious problems. The authors provide a step-by-step process for engaging family members in developing policies which cover issues such as: dealing with conflicts of interest; retirement timing; distribution of profits; loan programs; compensation and succession.
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