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Selected Case

published: 25 Nov 2013

  • Topic: Family Business
  • Region: Asia

Abstract:
Struggling Sibling Partners deals with the difficulty of creating a sense of fairness in family business relationships. The case explores the challenges of leading and governing a family business equally owned by three siblings. It is used as an introduction to the concept of Fair Process, at the core of INSEAD's work with family businesses. Developing a sense of fairness is the critical goal of family business governance processes, including family meetings and councils, boards of directors and family constitutions.

Pedagogical Objectives:
To demonstrate the value of applying Fair Process to family relationships; To apply Fair Process principles to family business situations; To recognize the value of communication, clarity, consistency, changeability and a culture of fairness; To balance individual and family branch interests.

Keywords:
Family Business, Business Conflict, Sibling Rivalry


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