What is a Family Business Board
A Family Business Board is a group of individuals tasked with providing oversight and strategic guidance to a family-owned business. The board typically includes family members and independent directors who work together to ensure the business’s long-term success and alignment with family values and goals.
Roles and Responsibilities of a Family Business Board
The Family Business Board is responsible for setting the strategic direction, overseeing management, ensuring financial health, and maintaining governance standards. It also plays a crucial role in succession planning and conflict resolution within the family business.
