The Family Business

Its Governance for Sustainability

  • Authors
  • Fred Neubauer
  • Alden G. Lank

Table of contents

  1. Front Matter
    Pages i-xxv
  2. The World of Family Business

    1. Front Matter
      Pages 1-2
    2. Fred Neubauer, Alden G. Lank
      Pages 3-25
    3. Fred Neubauer, Alden G. Lank
      Pages 26-55
  3. The Concept of Corporate Governance and a Classical Governance Structure in a Family Business

    1. Front Matter
      Pages 57-58
    2. Fred Neubauer, Alden G. Lank
      Pages 59-68
  4. Family Institutions and the Board of Directors

  5. The Directing Task of Corporate Governance: Key Measures

    1. Front Matter
      Pages 131-132
    2. Fred Neubauer, Alden G. Lank
      Pages 167-189
    3. Fred Neubauer, Alden G. Lank
      Pages 190-205
  6. Handling the Controlling Task of Corporate Governance

    1. Front Matter
      Pages 207-208
    2. Fred Neubauer, Alden G. Lank
      Pages 209-232
  7. Putting Governance Insights into Practical Use

    1. Front Matter
      Pages 233-234
  8. Epilogue: Enlightened Ownership of Family Enterprises

    1. Fred Neubauer, Alden G. Lank
      Pages 247-261
  9. Back Matter
    Pages 262-270

About this book


The family business has a far reaching influence on economies throughout the world. No other type of business has driven economic development in the same way and today, in almost all countries, family businesses including such giants as Ford, Levi Strauss, L'Oréal and Ferrero are the source of more than half of the Gross National Product (GNP) and employment. As a result of their prominence the question of how they are governed, controlled and accounted for is crucial not only for the owning families, but also for the societies in which these companies operate. The Family Business considers: · How to define a family-controlled business and the significance of this form of privately-held enterprise. · Governance systems in the context of the family business. · How a board of outsiders can add value to the typical family business. · How to handle the classical tensions between family and board and between family and management on the other. · How to gain effective and efficient control at the highest level. The answer to these questions and others is given by providing a large number of examples of internationally active family businesses and from the authors teaching and research into this area. Sustainability is the key concern to the family business and this book breaks new ground in showing how they can successfully live on to the next generation.


business controlling corporate governance family business management strategy success sustainability

Bibliographic information

  • DOI
  • Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1998
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Palgrave Business & Management Collection
  • Print ISBN 978-1-349-14467-9
  • Online ISBN 978-1-349-14465-5
  • About this book