Family Business Governance: Maximizing Family and Business Potential (Family business leadership series) [Paperback]

John L. Ward Craig E. Aronoff (Author)

Book Description

Series: Family business leadership series | Publication Date: 1996

Families in business together have an especially powerful motivation to govern themselves well-- vast and profound shared interests that often include large capital investment, future family employment prospects and the image of a family business in its community. Yet many business-owning families drift unconsciously into haphazard or destructive patterns of decisionmaking and communication that can threaten and even destroy the family and the business. Effective governance can counter those destructive patterns. It can empower leaders of the business and the family to make the most of the unique strength of family business: The synergy between a strong, unified owning family and a well-run family enterprise. In Family Business Governance you'll learn: * how effective governance can have a positive impact on your family and your business; * how to set up productive governance structures; * how to overcome objections to establishing governance processes; * how to determine primary responsibilities of the board, the family, and management; * how to recruit and use your board; * how outside directors can help strengthen your business and ensure its continuity; * how the family and the board interact; * how to set family policies and procedures that govern key areas of family concern; * how to earn "voice" in the family and in the business; * how to manage overlapping concerns; * how to use specific techniques to smooth communication between the family and the board; and much more... While every family business is unique, embracing systematic governance processes can help any family business achieve goals shared by virtually all: orderly decision-making, peaceful continuity, and the freedom to make decisions based on the highest and best purposes of both the business and the family.

Editorial Reviews

Review

“Family Business Governance: Maximizing Family and Business Potential helped guide us to restructuring our board of directors, which now include outside directors.  The book helped us to have a more professional and productive board."  —Judy Whitaker, VP, Witaker Oil Company, Atlanta, GA

 

“packed cover-to-cover with expert guidance, solid information, and ideas that work...you deliver."  —Alan Campbell, CFO, Campbell Motel Properties, Inc., Brea, CA

--This text refers to an alternate Paperback edition.

About the Author

Craig E. Aronoff is Co-founder, Principal, and Chairman of the Board, of The Family Business Consulting Group, Inc. He is a leading consultant, speaker, writer, and educator in the family business field.  Aronoff is perhaps the most prolific writer in the family business field.  As the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University in Marietta, GA, Aronoff invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education universities world-wide. He has held the Dinos Eminent Scholar Distinguished Chair of Private Enterprise and was a professor of management in Kennesaw State's Coles College of Business.  The Aronoff Professorship of Family Business at Kennesaw State University was named in his honor.

John L. Ward is Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity. Ward is the author or co-author of several leading texts on family business, Keeping the Family Business Healthy, Creating Effective Boards for Private Enterprises, Strategic Planning for the Family Business, Perpetuating the Family Business, Unconventional Wisdom and Family Business Key Issues. He is also an author of a collection known as The Family Business Leadership Series, each focusing on specific issues family businesses face.

--This text refers to an alternate Paperback edition.

Product Details

• Paperback: 64 pages
• Publisher: Business Owner Resources (1996)
• Language: English
• ISBN-10: 0965101185
• ISBN-13: 978-0965101189
• Product Dimensions: 8.8 x 5.8 x 0.3 inches
• Shipping Weight: 4.8 ounces
• Amazon Best Sellers Rank: #1,169,597 in Books (See Top 100 in Books)