The family business challenge often centres on resistance to “professionalising” the board of directors. Many families fail to recognise that their business has grown beyond the point where it can be effectively managed by their family partnership. Even when they recognise the turning point, they may have fears about confidentiality and other worries.
This practical guide shines a light on some of the common misconceptions surrounding boards with non-family directors, and how to build an effective and professional family business board.
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