Key Elements of a Governance Structure in a Family Business: the Family and its Institutions

Fred Neubauer and Alden G. Lank

Chapter 4 in The Family Business, 1998, pp 71-96 from Palgrave Macmillan

Abstract: Abstract The main theme of this book is the governance of family enterprises, corporate governance having been defined in various ways in the previous chapter, including ‘systems and structures to direct, control and account for the corporation as well as securing its economic viability and legitimacy’. The focus of this definition is the company per se, but in family enterprises one is required to examine the role of the owning family in the governance of its enterprise as it is precisely the family element that differentiates family companies from every other form of enterprise.

Keywords: Family Firm; Family Business; Family Owner; Healthy Family; Family Meeting (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-14465-5_4

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