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Family governance in family businesses
Herausgeber: PwC
Sprache: Englisch
Seiten: 32 Seiten
Erscheinung: Oktober 2015

Family governance in family businesses

The family can be the greatest resource or the greatest point of weakness for family businesses. In recent years, business-owning families have increasingly turned to “family governance” to ensure it is the former rather than the latter that applies to their family. For example, the number of families using a family constitution to cover key aspect of how to organise family and business has risen by 40% since the last PwC/INTES survey in 2011.

This is the first study to look at the impact of family governance mechanisms on family cohesion and business performance. It reveals that a professional, responsible organisation
of the business-owning family has a positive impact on the family’s adaptability and openness to change. The family and the business benefit equally.

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