The business family: Organizing relationships of affection, power and money through corporate governance

Description

A book aimed at all business families where the authors help to organize the business rhythm without damaging the affectionate and family life.

There is no family relationship free from conflict. This statement alone may seem banal to many, but it becomes compelling if we consider that, according to estimates, around 801,000% of the world's companies are family-owned. Thus, within a business family, relationships of affection, power and money can become confused and even more complex, reflecting on the company and its business, generally in a negative and problematic way. Or vice versa.

It is possible, however, to organize family and work relationships in this type of company to obtain satisfactory business results and, at the same time, preserve emotional and affective ties.

According to the authors, the key to achieving healthy and productive relationships lies in the tools and resources of corporate and family governance in order to achieve:

• Establish clear and defined strategies in the company;
• Avoid confusion between ownership and management;
• Minimize power struggles and the predominance of individual whims;
• Carry out a legitimate and efficient succession;
• Reduce the tendency towards conservatism and paternalism;
• Reduce conflicts of interest and friction between family members;
• Preserve affectionate and healthy relationships between relatives.

Affection, power and money are the pillars of both the success and failure of family businesses. By learning to wisely combine these three elements, with peace and prosperity, it is possible to ensure all the conditions for the success and perpetuation of family businesses, which is, after all, the golden dream of every business family.