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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Sustaining Family Enterprise: Meeting the Challenges of Continuity, Control and Competitiveness

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Edited by: Richard L. Narva

ISBN13: 9781911078142
To be Published: December 2016
Publisher: Globe Law and Business
Country of Publication: UK
Format: Hardback
Price: £140.00

Most people have a straightforward vision of the perfect family business. First, they hope for continued strengthening of the company’s financial and market position so it can support the lifestyle and needs of family members, from generation to generation. Secondly, they wish for family harmony.

But life gets in the way. Sometimes family members’ short-term or individual needs can overwhelm the needs of the business. In other cases, family members strongly disagree on the strategic direction, or even on the day-to-day management of the business. These family conflicts, when acted out on the stage of the family controlled enterprise, can seem insurmountable.

This new book is a follow up companion guide to Family Enterprises: How to Build Growth, Family Control and Family Harmony. The first volume features chapters written and edited by experts from many disciplines and located across the globe to provide the architecture for enduring, continuing family controlled enterprises. This second volume is intended to provide sustenance to those stakeholders committed to the core objectives presented in the title to the first book. It addresses ongoing issues facing both family shareholder control groups and the enterprises they control that surface in ongoing, mature, successful endeavours.

The audience for this book is the owners, directors, managers of, and advisers to, family-controlled enterprises and the families that control them. It assumes that such enterprises have been launched – or at least renewed – as expressly family controlled businesses, or other enterprises.

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Company Law

Part 1 – Understanding the power and constraints of family issues in family enterprises
Managing intergenerational expectations, responsibilities and relationships in family enterprise
Family values: the soul of family business
Culture and ethnicity in family enterprise
Cross cultural boundaries: the duties of Chinese successors to their family-controlled enterprises
Ushering out a family business founder who doesn’t want to leave

Part 2 – Building human capital to lead family-controlled enterprises
Optimising the advent of non-family executive management of family firms
Transformation and tradition: transitioning to a non-family leader at the family firm
Family governance: questions and answers
Awareness and action: transforming family business via family enterprise and vertical leadership
Leading from the self
Creating a strong leadership team

Part 3 – Solving Problems of Sustainability
Mediating family-business disputes: a primer for clients, familybusiness advisors and other professionals
Family business turnarounds: non-financial fixes are the key
Family enterprise guide to major mental illness
Assessing going-concern risk in family enterprises
Special issues in strategic planning in family-controlled enterprises: the plan as process
Mindfulness and the management of family business stress