Management and Business Excellence Consultancy’s Post

Insider Board: Such a board often includes family members and members of senior management. This membership can better involve the family in the business, help with succession planning, and introduce additional perspectives to board discussions. The insider board may be created by the founder—who may no longer be the CEO—or by the next generation owner(s) of the company. That said, the founder/owner(s) retain decision-making authority. #familybusiness #governance #generations #successionplanning #sustainability #budgeting

  • diagram, schematic

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