Family Governance – Proactive Strategies

Effective governance mechanisms, both at the level of family and the business are central to the growth and sustenance of family businesses. Simran Senani, Nupur Pavan Bang and Anil Sainani discuss the role of the Family Business Constitution in facilitating family governance. More than 90% of the businesses in India are family-owned.1 A large number of them do not remain together beyond three generations and many do not survive the impact of family disruptions on the business.2 Thanks to increasing academic interest in the subject and pioneering efforts by industry bodies, awareness about family governance in India has increased substantially. In multiple cases,...

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