The Difficult Task of Advising

Hermut Kormann () and Birgit Suberg
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Hermut Kormann: Zeppelin University
Birgit Suberg: Xi’an Jiaotong-Liverpool University

A chapter in Topics of Family Business Governance, 2021, pp 37-43 from Springer

Abstract: Abstract Each board has three main tasks: (a) The competence to select the executive team and to manage the contractual relationship with them; (b) Supervising the activities and monitoring the performance of the executives; and (c) Advising the executive team. Supervision is typically an evaluation in retrospect. It does not influence the supervised action anymore. Advising, however, is an influence that precedes the final decision process. It can be of specific value and is therefore of high importance.

Date: 2021
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DOI: 10.1007/978-3-030-58019-3_9

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