Governance for Business-Owning Families: Part I

Families who own businesses face a challenge they often overlook, that is, “governing” all that they do together inside, and outside, of the business. Admittedly, governance itself is fraught with connotations that range from the highest aspirations to something far at the other end of the spectrum, so it takes some work to figure out what this means and how it might make a difference. To some, governance itself is a “necessary evil;” to others, it’s a &ldquo