Titlebook: Developing Family Business Policies; Your Guide to the Fu Craig E. Aronoff,Joseph H. Astrachan,John L. Ward Book 2011 Palgrave Macmillan, a

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Summary,ise and coming up with solutions to handle them. In a sense, it’s disaster planning. And sometimes, you can head off the disaster by doing the planning, simply because your family gains skills in working together, communicating, resolving differences, and solving problems. As you build and use these skills, your family becomes stronger and closer.

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2947-3985 for engaging family members in developing policies which cover issues such as: dealing with conflicts of interest; retirement timing; distribution of profits; loan programs; compensation and succession.978-0-230-11109-7978-0-230-11597-2Series ISSN 2947-3985 Series E-ISSN 2947-3993

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Globalization and Economic Ethicsolicies governing the relationship between the family and the business are important to any family business. What is more important, however, is the . family members engage in when they create policies. We cannot emphasize that enough.

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https://doi.org/10.1007/978-1-137-09783-5n addition to the core policies that will benefit most family businesses, there are a number of other issues around which a particular family may find it helpful to develop policies.

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What Policies Do You Need? And When?,hile there are no hard and fast rules about what policies a family firm needs or when it needs them, we believe there are core policies that benefit most, if not all, business-owning families. These include:

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Other Policies to Consider,n addition to the core policies that will benefit most family businesses, there are a number of other issues around which a particular family may find it helpful to develop policies.

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