Family Business

FRED NEUBAUER is Professor of Multinational Corporate Strategy and Planning at the International Institute for Management Development (IMD) in Lausanne, Switzerland. As well as having taught in the area of management all over the world, he has been a consultant to multinational corporations, many of them leading family-controlled enterprises. His main area of research is corporate governance and corporate boards in privately-held and publicly traded corporations. He is co-author of The Corporate Board: Confronting the Paradoxes.ALDEN G. LANK is Stephen Schmidheiny Professor of Family Enterprises and Professor of Organizational Behaviour at the International Institute for Management Development (IMD) in Lausanne, Switzerland. At the IMD he is in charge of the Family Business Area and Director of the Leading the Family Business educational program. He is also President and member of the Executive Board of the Family Business Network and has served as a Board member of the Family Firm Institute and editorial board of the Family Business Review.

• PART ONE: THE WORLD OF FAMILY BUSINESS The Nature and Significance of Family Business Stages of Evolution in Family Business PART TWO: THE CONCEPT OF CORPORATE GOVERNANCE AND A CLASSICAL GOVERNANCE STRUCTURE IN A FAMILY BUSINESS The Concept of Corporate Governance in Family Business PART THREE: FOCUS ON FAMILY INSTITUTIONS AND THE BOARD OF DIRECTORS Key Elements of a Governance Structure in a Family Business: The Family and Its Institutions Key Elements of a Governance Structure in a Family Business: The Board of Directors PART FOUR: THE DIRECTING TASK OF CORPORATE GOVERNANCE: KEY MEASURES Securing CEO Succession as a Key Governance Measure in a Family Business Vision and Strategy as Key Governance Measures in a Family Business Securing Financial Resources as a Key Governance Measure PART FIVE: HANDLING THE CONTROLLING TASK OF CORPORATE GOVERNANCE Control as a Key Governance Measure PART SIX: HOW TO PUT THESE GOVERNANCE INSIGHTS INTO PRACTICAL USE Putting it All to Work: A Practical Process to Create a Governance Structure for a Family Business Epilogue: Enlightened Ownership of Family Enterprise

'Now, with this book, families in business can better understand the rich power of effective governance. They can also learn how to make it work for them.' - John L. Ward, Ralph Marotta Professor of Private Enterprise, Loyola University, Chicago 'Essential reading.' - Gulf Business