Like their public counterparts, family-owned businesses consider corporate governance essential and are willing to submit themselves to public scrutiny but, they also value their traditional standards of business management.
While ready to accept the challenges of global competition and subject themselves to stringent management rules, they are proud of the unwritten values, passed down from generation to generation, that characterise their businesses.
We look at the factors distinguishing family- from publically-owned businesses in terms of corporate governance; at how family businesses have traditionally adhered to unwritten, instrinsic core values; at the opportunities and concerns raised by binding, written laws; and at the issues with which family companies are concerned as many struggle to survive from one generation to the next and more and more are swallowed by partnerships, or sold.
Please note that this PDF is in German only
For information about copying, distributing and displaying this work, contact permissions@spencerstuart.com.
(PDF - 167KB)