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Selected Case

published: 26 Feb 2009

  • Topic: Family Business

Abstract:
The case describes the challenges of a CEO making the transition from an advisory board to a formal board of directors. Strengthening governance is an important structure to support the transition of family businesses across generations.

Pedagogical Objectives:
The case explores how to strengthen a board of directors. It asks students to consider board composition, qualification, compensation and size. It also focuses on the functions of the board and CEO in managing the company, helping to clarify director and executive roles

Keywords:
Family Business, Family Business Governance, Board Members, Family Board Members, Family Governance, Corporate Governance, Corporate Governance for Family Firms, Wicfe, Succession, Next Generation, Governance, Parallel Planning, Strategy, Boards


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