Your Family Business Needs a Board

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Think through the purpose and practices of your board.

Who should be on the board of a family business?

Many family business boards consist solely of family members. While this might provide some comfort to family members that their interests are being represented, especially when there are different groups or branches of family members, it’s rarely advisable. Indeed, it might end up harming their interests — the opposite of what they are seeking to accomplish.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 310. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines