Developing a board of directors for the family business
Watch Dr. Joseph Astrachan, who teaches family business at Kennesaw State University, as he suggests a step by step process to develop a Board of Directors for a family business. In a family business, it is beneficial to develop a a form of governance as soon as possible. Governance plays a key role in a family business when the business begins to mature and the development of ideas slows down. A system of governance in a family business is key to its long-term success.
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