O'Reilly logo

Family Businesses: The Essentials by Peter Leach

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

7Cousin companies

Family governance in multigenerational family firms

By the time a family business reaches the third generation there may be dozens of family members who have some sort of stake in it. Ownership is generally in the hands of many cousins from different sibling branches of the family, with no single branch having a controlling shareholding. Some of these owners will work in the business, but probably most will not. The potential for friction and dysfunctional behaviour if the large-scale complexity arising with these family and shareholder groups is not controlled and managed is significant. Governance architecture must be tailored to meet the unique needs and circumstances of particular families.

Introduction

In Chapter 2 we saw ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required