Governance For Family Businesses

 

The Next Level of Sustainability for Family Businesses.

Family Businesses make up almost two-thirds of all businesses globally according to research. This makes family businesses a key contributor to the global economy and employs a large portion of the global population.

It is my firm belief that family businesses globally have a huge opportunity to scale up despite the pandemic we are facing globally.

The purpose of this article is to highlight a common pattern of challenges family businesses face and what they need to do to recalibrate moving forward applying some simple governance practices in order to have accountability, clarity, and the ability to scale up with ease.

Here are some of the key challenges’ family businesses face:

Firefighting

This seems to be a key challenge many family businesses face. They stagnate and have difficulty focusing on the critical growth-driven aspects of their business. They are bogged down to the day-to-day operations and are short term...

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Board Effectiveness - How to make your board effective

 

Transcription:

Hi, Vijay Mistri here. CEO and founder of Rentadirector, author of multiple training programs which have a green light status award from the UK trade and investment and our purpose is to see leaders, entrepreneurs, business owners, directors, executives, and managers achieve standards of excellence in everything they do and scale up their businesses with ease. Now my dear friends, today I want to talk about board effectiveness. Now it doesn't matter whether you're a small, medium, or large organization in any sector, this is about stepping up the game, this is about taking you to another level altogether and I believe that there are certain common patterns of challenges many face. So, let's deep dive straight into this particular training. Now I just want to tell you in advance that after this training, there is a program which I’m going to talk to you about which we have on Achieving Boardroom Excellence. So, I’ll be sharing some insights on that...

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