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Palgrave Macmillan

The Family Business

Its Governance for Sustainability

  • Book
  • © 1998

Overview

Authors:
  1. Fred Neubauer
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    You can also search for this author in PubMed   Google Scholar

  2. Alden G. Lank
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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxv
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  2. The World of Family Business

    1. Front Matter

      Pages 1-2
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    2. Nature and Significance of Family Business

      • Fred Neubauer, Alden G. Lank
      Pages 3-25

    3. Stages of Evolution of Family Enterprises

      • Fred Neubauer, Alden G. Lank
      Pages 26-55

  3. The Concept of Corporate Governance and a Classical Governance Structure in a Family Business

    1. Front Matter

      Pages 57-58
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    2. The Concept of Corporate Governance in a Family Business

      • Fred Neubauer, Alden G. Lank
      Pages 59-68

  4. Family Institutions and the Board of Directors

    1. Front Matter

      Pages 69-70
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    2. Key Elements of a Governance Structure in a Family Business: the Family and its Institutions

      • Fred Neubauer, Alden G. Lank
      Pages 71-96

    3. Key Elements of a Governance Structure in a Family Business: The Board of Directors

      • Fred Neubauer, Alden G. Lank
      Pages 97-130

  5. The Directing Task of Corporate Governance: Key Measures

    1. Front Matter

      Pages 131-132
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    2. Securing CEO Succession as a Key Governance Measure in a Family Business

      • Fred Neubauer, Alden G. Lank
      Pages 133-166

    3. Vision and Strategy as Key Governance Measures in Family Business

      • Fred Neubauer, Alden G. Lank
      Pages 167-189

    4. Securing Financial Resources as a Key Governance Measure

      • Fred Neubauer, Alden G. Lank
      Pages 190-205

  6. Handling the Controlling Task of Corporate Governance

    1. Front Matter

      Pages 207-208
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    2. Control as a Key Governance Measure

      • Fred Neubauer, Alden G. Lank
      Pages 209-232

  7. Putting Governance Insights into Practical Use

    1. Front Matter

      Pages 233-234
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    2. Putting it All to Work: Creating a Governance Structure for a Family Business

      • Fred Neubauer, Alden G. Lank
      Pages 235-246

  8. Epilogue: Enlightened Ownership of Family Enterprises

    1. Epilogue: Enlightened Ownership of Family Enterprises

      • Fred Neubauer, Alden G. Lank
      Pages 247-261

  9. Back Matter

    Pages 262-270
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Keywords

About this book

The family business has a far reaching influence on economies throughout the world. No other type of business has driven economic development in the same way and today, in almost all countries, family businesses including such giants as Ford, Levi Strauss, L'Oréal and Ferrero are the source of more than half of the Gross National Product (GNP) and employment. As a result of their prominence the question of how they are governed, controlled and accounted for is crucial not only for the owning families, but also for the societies in which these companies operate. The Family Business considers: · How to define a family-controlled business and the significance of this form of privately-held enterprise. · Governance systems in the context of the family business. · How a board of outsiders can add value to the typical family business. · How to handle the classical tensions between family and board and between family and management on the other. · How to gain effective and efficient control at the highest level. The answer to these questions and others is given by providing a large number of examples of internationally active family businesses and from the authors teaching and research into this area. Sustainability is the key concern to the family business and this book breaks new ground in showing how they can successfully live on to the next generation.

Reviews

'Now, with this book, families in business can better understand the rich power of effective governance. They can also learn how to make it work for them.' - John L. Ward, Ralph Marotta Professor of Private Enterprise, Loyola University, Chicago

'Essential reading.' - Gulf Business

About the authors

FRED NEUBAUER is Professor of Multinational Corporate Strategy and Planning at the International Institute for Management Development (IMD) in Lausanne, Switzerland. As well as having taught in the area of management all over the world, he has been a consultant to multinational corporations, many of them leading family-controlled enterprises. His main area of research is corporate governance and corporate boards in privately-held and publicly traded corporations. He is co-author of The Corporate Board: Confronting the Paradoxes.

ALDEN G. LANK is Stephen Schmidheiny Professor of Family Enterprises and Professor of Organizational Behaviour at the International Institute for Management Development (IMD) in Lausanne, Switzerland. At the IMD he is in charge of the Family Business Area and Director of the Leading the Family Business educational program. He is also President and member of the Executive Board of the Family Business Network and has served as a Board member of the Family Firm Institute and editorial board of the Family Business Review.

Bibliographic Information

  • Book Title: The Family Business

  • Book Subtitle: Its Governance for Sustainability

  • Authors: Fred Neubauer, Alden G. Lank

  • DOI: https://doi.org/10.1007/978-1-349-14465-5

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Business & Management Collection, Business and Management (R0)

  • Copyright Information: Fred Neubauer and Alden G. Lank 1998

  • Hardcover ISBN: 978-0-333-69299-8Published: 19 February 1998

  • Softcover ISBN: 978-1-349-14467-9Published: 01 January 1998

  • eBook ISBN: 978-1-349-14465-5Published: 27 July 2016

  • Edition Number: 1

  • Number of Pages: XXV, 270

  • Topics: International Business, Management, Organization, Family Business

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