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Professionalising management of the family business

A good family governance framework will evolve through the generations and adapt to changes.

THE FAMILY AS A BUSINESS UNIT: A sound governance framework reconciles differences so that family disagreements will not turn into conflicts and distract people from focusing on the business.

WE know of successful business families who manage to keep the family cohesive and grow a thriving business, going from strength to strength in building the family legacy and united by a common vision. There are others, however, who bear the scars of internal disputes, arising from fallout...

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