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Family Business Governance and the Role of the Board of Directors

  • Randel S. Carlock
  • John L. Ward
Part of the A Family Business Publication book series (AFBP)

Abstract

Ten years ago when Waleed Al Said, aged 68, became CEO of the World Trading Company, he organized a management board that included: his older brother Hammad, 72, the former MD, as chairman; his younger brother Hussam, 64, a sales director for the last 20 years; Khaled, a cousin, 59, chief accountant in the firm; and two non-family employees, the commercial director, aged 58, and finance director, aged 66.

Keywords

Family Firm Independent Director Parallel Planning Family Business Family Ownership 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Carlock, R. S. and Florent-Treacy, E. Nash Engineering: 100 years of Evolving Family Commitment (INSEAD case study, 2004).Google Scholar

Copyright information

© Randel S. Carlock and John L. Ward 2010

Authors and Affiliations

  • Randel S. Carlock
    • 1
  • John L. Ward
    • 2
  1. 1.Wendel International Centre for Family EnterpriseINSEADFrance
  2. 2.Center for Family Enterprises, Kellogg School of ManagementNorthwestern UniversityUSA

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