Family Business Governance Resources
The National Association of Corporate Directors (NACD) recognizes that while the fundamentals of corporate governance apply across all substantial public and private enterprises, the specifics vary considerably among these groups -- particularly in family business. Furthermore, interest in corporate governance among family business owners and executives has increased notably in the time since public company governance reforms were enacted.
NACD's mission is to promote best practices in corporate governance and enhance
the board's role as a strategic asset to the company. Through
a specific track of educational and publishing initiatives,
NACD strives to address the ways in which corporate governance
uniquely applies to family business. Here are just
a few of the resources available to family business owners
and board members:
RESOURCES
DATA
Family
Business Governance Poll - Top Issues (NACD membership)
A survey of the NACD membership yielded responses from
a significant number of board members of large family-controlled
public companies, smaller local and old-line businesses,
as well as private equity investors or family business
advisors. Of the 135 respondents to the survey, here are
the most frequently cited "challenging issues":
- best practices for board operations
- buy-sell agreements, ESOPs and other ownership
issues.
- succession for founders, CEOs, directors and executives
- independent directors
- compensation of CEOs, directors and owners
- board-family relations
Key Points Reports. Our family
business programs emphasize peer-ot-peer learning through
a combination of presentations and facilitated exchanges
among participating executives, directors, and owners
with adivisors providing facilitation. Here are three
post-session reports of key points as heard by the participants:
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