In traditional economic-based views on governance, owners are often portrayed in a somewhat passive role, with an emphasis on the incentive structures they install to motivate employees and other key stakeholders. Under these frameworks, owners provide financial resources, while management–driven by the right incentives–execute day-to-day operations to create value. Yet this perspective fails to fully […]
The family in business
Family businesses always have an owner family as the shareholder of reference. This is the family that defines the company’s purpose and transforms family values into corporate values. This is the family that serves as a beacon of unity and commitment, transmitting a sense of corporate stability and long-term continuity. Hence, the importance of developing, […]
The voice of minority shareholders in family-owned firms
Family-owned firms dominate the global economy: according to PwC’s latest Global Family Business Survey, they contribute more than half of the world’s annual GDP and generate around two-thirds of employment. Their strength is also seen in new business ventures: 85% of start-ups are launched with family money. As outlined in a previous post, an important […]