Family Business Map

Morten Bennedsen is the André and Rosalie Hoffmann Chaired Professor of Family Enterprise and Professor of Economics at INSEAD. He leads the family business activities at INSEAD and is the academic Director of the WENDEL International Center for Family Enterprise and the co-director of the Hoffmann Research fund and has won a number of teaching awards. He has been advisor and consultant for a.o. the Danish association of private equity funds, the Danish Ministry of Foreign affairs, the World Bank and Novo Nordisk foundation. He frequently gives talks to family firms, corporate finance institutions, investment banks and private equity funds on the governance of family firms and the economic consequences of successionJoseph Fan is a consultant for Asian business families and corporations, and international organizations including the World Bank, OECD, and Asian Development Bank, as well as Joint Professor of School of Accountancy and Department of Finance, and Director of Institute of Economics and Finance of The Chinese University of Hong Kong. Before joining CUHK in 2004, he was on faculty of University of Hong Kong and Hong Kong University of Science and Technology. Fan is an expert in finance and governance of emerging market corporations, and one of the most cited finance professors in Asia.

• 1. Building Blocks 2. Family Assets 3. Roadblocks 4. The Family Business Map 5. Ownership Design 6. Succession 7. EXIT 8. Beyond the Family Business Map

'For the first time, I see a book that provides a structured approach to the unique contributions families deliver to their firms and to the design of corporate and family governance, to reduce the challenges ahead'. -Willem M. van Eeghen, President, The Henokiens, International Association of Bi-Centenary Family Companies 'This book contains the essence of the most valuable insights gained through large scale and long-term research that has been published in leading academic journals about family-controlled businesses. The tools proposed have been tested on all continents and they work! A must-read.' -Andre Hoffmann, Chairman, Massellaz SA; Vice President, WWF International "The combined knowledge of two professors from very different universes, with case studies from all over the world, this book provides family businesses with a powerful tool to make the most of their assets." -Priscilla de Moustier, Director of Wendel, Wendel-Participations, and FBN International; Vice President of the French chapter of FBN