MCD 2 -Value Creation for Owners & Directors in Family Firms
Family-owned firms represent 80 to 90% of firms worldwide and are important drivers of national economies and job creation. Many of these family firms are undergoing seismic shift as they branch out from traditional tried-and-tested business territory into new industries in search for new opportunities in value creation.
This session conducted by Professor Ludo Van der Heyden, founding Director of INSEAD’s Corporate Governance Initiative and co-Director of the International Directors Program and the Value Creation for Owners and Directors, will highlight some of the main challenges faced by family firms in their endeavours to attain high-performance governance structures aimed at value creation. It will also present different governance structures of family-owned firms, with focus on one consisting of three bodies: the executive management, the board of directors and the leading shareholders. Value creation can result from alignment of these three bodies around a common vision and project. Pitfalls with such a structure will be illustrated during the session, with remedies on how they can be avoided.
Course Objectives
- Provide an overview of the different governance structures applied by various renowned family firms.
- Discuss the challenges and tensions faced by family firms in maintaining high-performance governance aimed at value creation.
- Examine the merits of the three-body governance structure as a means to
scale for high performance governance and having the agility to achieve
desired value creation objectives.
- Identify the potential
pitfalls that may arise with such a structure and the measures that can
be introduced to prevent their occurrence.
CPD Hours : 4
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Online registration not available.