There should be structured dialogue between the board of directors and the family shareholders based on a mutual understanding of objectives. Family owners must articulate why they wish to be in business together, and communicate these agreed objectives to the board so that the directors understand the family’s goals and how they will be held accountable.
This practical guide offers advice on how to ensure effective communication and dialogue with the board is established and maintained, and ensure expectations of all stakeholders are managed.
Click here to review or download the guide.