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

Fred Neubauer and Alden G. Lank

Chapter 5 in The Family Business, 1998, pp 97-130 from Palgrave Macmillan

Abstract: Abstract In Chapter 3 we indicated that boards typically hold a central position in the corporate governance arena. They indeed represent one of the key elements in a corporate constitution. This is true for family-controlled enterprises as well as for publicly held companies. Because of this pivotal significance, it is necessary to discuss in some depth their specific role, their composition, their working style and the particular problems they may face in family businesses.

Keywords: Corporate Governance; Board Member; Family Firm; Family Business; Advisory Board (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14465-5_5

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DOI: 10.1007/978-1-349-14465-5_5

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