Family business owners have special responsibilities. The typical shareholder in a listed, widely owned company does not feel responsible for the conduct of the business or even much connection to it. But a family firm is both a business and a source of personal identity for owners, and they often view it as an important part of the family’s tradition and legacy. Owners often perceive their participation as a heritage on loan – something they need to cherish, develop and pass on.
This practical guide provides practical advice and tips on how to build responsible governance and ownership in a family business.
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