Titlebook: Building a Successful Family Business Board; A Guide for Leaders, Jennifer M. Pendergast,John L. Ward,Stephanie Brun Book 2011 Palgrave Mac

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The Role of the Board in the Family Business,family enterprise—for example, to take a temporary hit in profitability in order to invest for the long term—family company directors can play a uniquely helpful role. The family business board can go beyond typical boardroom conventions to explore broad questions of policy, philosophy, and planning, such as:

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The Vital Role of the Board in Family Business Continuity Planning,nto a $680 million concern in the southeastern United States. However, his longstanding presence made the issue of succession a delicate one to address—something the company’s advisory board helped to solve.

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Our Call to Action,t step for family business success and continuity. As we have stressed throughout, an active board is one that meets at least three times per year; and an independent board is one that includes at least three objective outsiders. This powerful combination creates a board that is a unique resource in many ways.

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Ehud Meron,Yair Mau,Yuval R. Zelnikand third-generation member Maria Rodale says, “When my father was alive, he never would have used a board. At the moment he died, we put a board in place—to educate our generation, give us insights into the business, and support our mother.”

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Steffen E. Eikenberry,Abba B. Gumeldents have a board that meets more than two times per year. Boards that meet no more than every six months cannot effectively support management during challenges, nor can they provide maximum value to key strategic decisions.

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Steffen E. Eikenberry,Abba B. Gumelnto a $680 million concern in the southeastern United States. However, his longstanding presence made the issue of succession a delicate one to address—something the company’s advisory board helped to solve.