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Family Enterprises: How to Build Growth, Family Control and Family Harmony

Family Enterprises: How to Build Growth, Family Control and Family Harmony

Author: Richard L Narva
Publisher: Globe Law and Business
ISBN: 9781909416505
Published In: March 2015
Format: Hardback , 360 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,560.00

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Description
Contents
Author

Details

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 Apologies for working in the family business in the 1980s and 1990s have been replaced by public pride on the parts of leaders of family controlled firms for their enduring growth under family control and contributions to all stakeholders in the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.

Table of contents

Introduction

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

The entrepreneurial family

Family systems and family business

Family solutions for family issues

Characteristics of century old family firms

Understanding patriarchal leadership of family enterprises

Choosing a clinically trained professional to assist a family shareholder control group

Entrepreneurship and innovation in family firms: reassessing the fixation on ‘success’ and ‘failure’ in family enterprises

How to manage an enterprise alongside a visionary founder/leader

Family enterprise and entrepreneurship

Part II. Building human capital to lead family controlled enterprises

Contributions of a council of advisers to family controlled growth companies

The family, non-exec chairman

The chief talent officer

The general counsel as consigliers

Executive coaching challenges with family firms

How to hire, train, retain and compensate a family enterprise attorney

How to hire, educate, retain and compensate a family enterprise financial adviser

The challenges of serving as a family firm trustee

Part III. Designing family controlled organisation for growth

Shareholder agreements

Family holding companies

Creating an effective fiduciary board for a FCE

Independent directors

Single family offices

Part IV. Strategising and financing growth of the family controlled enterprise

The special pitfalls family shareholder control groups face trying to grow by acquisition

Managing the family controlled real estate portfolio

How to manage the successful disposition of a family firm

Consulting editor: Richard L Narva

Contributing firm	Author(s)

Australia
Family Business Resource Centre	Lucio E Dana
Luminis Partners	Simon Mordant
RMIT University	Kosmas Smyrnios
Brazil
Nebel & Mello	Dorothy Nebel de Mello
Canada
Sauder School of Business	Jennifer Halyk
South Africa
Institute of Coaching at McLean Hospital	Sunny Stout Rostron
Pick n Pay	Gareth Ackerman
USA
Narva & Company LLC	Adam S Narva
	Richard L Narva
	Shari Wyner Narva
Babson College	Matt Allen
Barley Snyder	Dara C Bachman
	Michael L Mixell
	Timothy P Malloy
Baruch College	Ramona Kay Zachary
Bigelow LLC	David C Linton
Conscious Capitalism Inc	Douglas Rauch
Eckert Seamans Cherin & Mellott LLC	John L Talvacchia
Hemenway & Barnes LLP	Frederic J Marx
Phelan Family Enterprises LLC	Kathrin Phelan Midgley
Ritter Communications	Daniel B Hatzenbuehler
Sheehan Phinney Bass + Green PA	Janet B Fierman
Sonos Inc	Josh Narva
The Sirenictrust	Charles S Fradin
Thunderbird School of Global Management	Ernesto Poza
USALCO LLC	S Denis Thomas