IFC Family Business Governance Handbook
The IFC Family Business Governance Handbook is a concise and practical description of essential family business governance components and suggested approaches to resolving common family business governance dilemmas.
It is intended to complement existing tools currently being used within IFC to assess the governance of family business clients.
- Section II explains the necessity of developing a clear family governance structure as different generations join the family business, in order to prevent potential conflict and ensure continuity. This section also presents examples of a family constitution and a family employment policy from IFC clients.
- Section III discusses the role, structure and composition of the board of directors in a family business as it grows in size and complexity. It examines three important elements over time: the Advisory Board, the Board of Directors, and Independent Directors.
- Section IV stresses the extent to which senior management affects the performance of a family business and its ability to generate wealth. This section compares family versus non-family managers, and provides basic guidelines for establishing a sound CEO succession plan.
- Section V presents advantages and disadvantages that a family business could experience by going public. There is also a table of governance best practices that are useful for companies seeking to project a positive image to the market while planning to go public.
Translations (All publications are in a pdf format):
- Shqip (Albanian)
- عربي (Arabic)
- Azərbaycanca (Azerbaijani)
- Burmese (Burmese)
- 简体中文 (Chinese)
- Français (French)
- ქართული (Georgian)
- Khmer (Khmer)
- Mакедонски (Macedonian)
- Монгол хэл (Mongolian)
- Црногорски (Montenegrin)
- Português (Portuguese)
- Русский (Russian)
- Српски (Serbian)
- Español (Spanish)
- Türkçe (Turkish)
- اردو (Urdu)
- Український (Ukranian)
- Tiếng Việt (Vietnamese)
Family Institutions: The Realities of Implementation, Tharawat Magazine, Issue 28, 2015
Good governance holds the key for family business, Editorial Boardroom, Winter edition 2014
When grandpa is also the CEO - resolving differences in family-owned businesses, Private Sector Opinion 28