Family Business Governance

Family business governance refers to the system of rules, practices, and processes that guide how a family-owned company is managed and overseen. It ensures clear decision-making, accountability, and alignment between the family's interests and the business’s goals. Effective governance balances family involvement with professional management, helps prevent conflicts, and sustains the business across generations. Key components include family charters, boards of directors, and succession planning, all designed to promote transparency, fairness, and long-term stability.