A well-formed board can give the family business the edge needed to sustain value from one generation to the next. This handbook explains why companies need boards and guides businesses in defining the role of directors, the role of the board, and how to build board effectiveness in a way that enhances the overall vitality of the business.
The book has been designed mainly for the use of family-owned or family-controlled businesses with a limited number of shareholders. It is appropriate for companies that are privately held, closely held, or publicly traded operating as either a corporation or a limited liability company. Special attention is paid to family-specific issues such as family directives, the family employment plan, and succession planning.
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