t shareholders' interests but aJso require their coopera-
ti
on and risk taking.
5.
Accep
t
ab
le
eco
n
omic
performance by the
compa
n
y,
including reasonable
dividends and
cap
ital gains.
DISCUSSION
FORUM
•
Ex
plain the 3-circle m
ode
l of a family business.
• Discuss
the
f
amily
bus
iness
system go
vernance
,
• Ulustrate
wi
th
an
example
the
benefit
c;
derived
from
undentanding
me
compaDy
's
heri"'B
c
.
• Explain the rights and res
pon
sibilities
of
family s
hateholden
of
a family busi-
ne
ss.
SUCCESSION
IN
FAMILY
BUSINESS
H
ow
best
to
pass on the business to the n
ex
t ge
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