The Family Business: Its Governance for Sustainability

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The family business has a far-reaching influence on economies throughout the world, and in many countries they account for over half of the Gross National Product. This text considers: how to define a family-controlled business and the significance of this form of privately-held enterprise; how a board of outsiders can add value to a family business; how to handle intra-business tensions; and how to gain control at the highest level.