Please use this identifier to cite or link to this item: https://hdl.handle.net/11159/671120
Book title: 
Family Firms and Family Constitution
Authors: 
ISBN: 
978-1-83797-200-5
Document Type: 
Book Part
Place of Publication and Publisher: 
Emerald Publishing Limited
Year of Publication: 
2023
Open Content License: 
cc-by Logo
Abstract: 
This chapter focuses on governance as a key element of the safeguarding system of the family enterprise. The management is in charge of the company’s performance in terms of profit and growth. The governance system is designed to secure value protection by designing a robust leadership system, monitoring and advising management, reviewing critical decisions, and providing fail-safe solutions in case of serious malfunctions of the management system. This chapter develops a typology of critical elements which could endanger the development of the company, including conflicts and disruptions among the owner group. Results of recent research on the root causes of the downfall of family enterprises are presented. Finally, a concept of a three-layer protection system is developed with the aim of providing stability for longevity.
Persistent Identifier of the first edition: 
Language: 
English (eng)
Citation: 
In: Family Firms and Family Constitution (2023). Emerald Publishing Limited, S. 117 - 133.
https://doi.org/10.1108/978-1-83797-200-520231007.
doi:10.1108/978-1-83797-200-520231007.

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