1. Why Your Family Business Needs Family Members on the Board

    Why Your Family Business Needs Family Members on the Board

    Imagine that your family owns and controls a fifth-generation multinational conglomerate that’s a leader in the food manufacturing industry. You’ve recently been appointed to serve on the board as a family director from your generation. Early in your tenure, Covid-19 hits and suddenly, fundamental questions that challenge the very viability of the enterprise confront a board that’s dominated by a non-family CEO and a majority of independent directors...

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