The independent family business board

Jaffe, Dennis T.; Davis, Sam
January 2010
Family Business;Winter2010, Vol. 21 Issue 1, p54
The article discusses the role of independent board directors in a family enterprise. Among the tasks of a board are leadership oversight, provision of strategic direction and mediation. Several recruitment and reward practices to help enhance the independence of boards are determination of the needs of the company, the skills and experience of a potential outside director, identification of the attributes of the organization, appropriate compensation and avoiding professional advisers or family friends on the boards.


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