Family Enterprises -

Family Enterprises

How to Build Growth, Family Control and Family Harmony

Richard L Narva (Herausgeber)

Buch | Hardcover
360 Seiten
2015
Globe Law and Business Ltd (Verlag)
978-1-909416-50-5 (ISBN)
155,85 inkl. MwSt
Recognition of the power and importance of businesses controlled by family shareholder groups has grown steadily over the past 30 years. Apologies for working in the family business in the 1980s and 1990s have been replaced by public pride on the parts of leaders of family controlled firms for their enduring growth under family control and contributions to all stakeholders in the enterprise.

What has been missing from the business literature is a guide to the processes, structures and interventions that assist family-controlled enterprises to sustain continuity of growth, family control and family harmony. This book compiles the wisdom of experienced leaders of family growth companies and those who advise them, focusing on what works to sustain business success without sacrificing family relationships or control. Each of the contributors is grounded in deep management or professional expertise guiding or advising family-controlled enterprises. And each chapter contains clear, practical advice on how to address issues that challenge family firm leaders and their advisers on a regular basis.

This new book demonstrates to members of family shareholder control groups, their non-family executives and members of the boards of directors, as well as lawyers and other long-term advisers, that there are ways to address the emotionally powerful issues and challenges that are specific to family controlled enterprises. Many of these proven solutions to the special requirements of leading family firms have broad global applications, assisting them to grow, without sacrificing their culture or strategy.

Preface 7
Richard L Narva
Narva & Company

Part I. Understanding the power and constraints of family shareholder control groups

Entrepreneurship in family firms: reassessing the fascination with success, failure and succession 11
Jennifer Halyk
Communications consultant

Entrepreneurial family businesses and family entrepreneurs: the unsung heroes of entrepreneurial effort 19
Matt Allen
Babson College

The entrepreneurial family revisited 27
Ramona Kay Zachary
Baruch College, The City University of New York
Working with siblings and how to survive them 39
Lucio E Dana
Creativity in Business Pty Ltd, trading as Family Business Dynamics
Kosmas X Smyrnios
RMIT University Australia

Thriving once the founder has gone 57
Doug Rauch
Conscious Capitalism

The power of family 67
Shari Wyner Narva
Narva & Company

Consulting with a clinician 75
Adam Narva
Psychologist

Part II. Building human capital to lead family controlled enterprises

Characteristics of centennial family companies 85
Ernesto J Poza
Thunderbird School of Global Management

Understanding paternalistic leadership of family enterprises 101
Dorothy Nebel de Mello
Nebel&Mello Consultores Associados and BI International

Effective legal representation of family firm clients 115
John L Talvacchia
Eckert Seamans Cherin & Mellott, LLC

This is not your father’s HR department 127
Joshua A Narva
Sonos, Inc

Challenges facing the executive coach in a family firm 131
Sunny Stout-Rostron
Institute of Coaching at McLean Hospital

Part III. Designing family controlled organisation for growth

A practitioner’s guide to transferring a family business from one generation to the next 149
Frederic J Marx
Hemenway & Barnes LLP

Effective family governance in entrepreneurial families 159
Kathrin Phelan Midgley
Phelan Family Enterprises, LLC

Building for success: better governance today begets a brighter tomorrow 167
Denis Thomas
USALCO, LLC

One family business’s governance journey 177
Daniel B Hatzenbuehler
E Ritter & Co

The non-executive chair’s role in maintaining and strengthening the culture of the enterprise 189
Gareth Ackerman
Pick N Pay Stores Limited

The role of independent directors in family controlled listed enterprises 205
Richard L Narva
Narva & Company

Part IV. Financing growth and change in family controlled enterprises

Shareholder agreements for family controlled businesses: managing the expectations and covering all bases 219
Dara Bachman
Timothy Malloy
Michael L Mixell
Barley Snyder

How the best family business owners optimise their financial adviser relationship 237
David C Linton
Bigelow LLC

Challenges faced by family controlled companies in growing by acquisition 247
Simon Mordant
Luminis Partners affiliated with Evercore

How to manage the successful disposition of a family firm 255
Charles S Fradin
Former family business owner and corporate director

Family enterprises and their real estate 265
Janet B Fierman
Sheehan, Phinney, Bass + Green PA

Part V

Afterword 283
Richard L Narva
Narva & Company

About the authors 285

Erscheint lt. Verlag 20.3.2015
Verlagsort London
Sprache englisch
Maße 160 x 240 mm
Gewicht 730 g
Themenwelt Recht / Steuern EU / Internationales Recht
Wirtschaft Betriebswirtschaft / Management Planung / Organisation
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
ISBN-10 1-909416-50-9 / 1909416509
ISBN-13 978-1-909416-50-5 / 9781909416505
Zustand Neuware
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