Tuesday, March 10, 2009

All in the Family Business

From the International Finance Corporation (World Bank) newsletter:

Family businesses constitute the world’s most dominant form of business organizations, playing a key role in economic growth and employment generation in many developing countries. Yet, most have a short life span and about 95 percent do not survive the third generation of ownership. A new book from the International Finance Corporation (IFC), Family Business Governance Handbook, recommends ways to help family businesses improve their sustainability by establishing good governance practices. It highlights corporate governance challenges facing family businesses and proposes structures and practices that can help mitigate them.

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