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)


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.


Family Firm Independent Director Parallel Planning Family Business Family Ownership 
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  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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