The Family Business Map ─ Assets and Roadblocks in Long-Term Planning

Family businesses across the globe face the same difficulty in planning long-term strategy. Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the most effective governance strategies. It encourages business owners to consider their assets and the roadblocks that they may face, so that they will be well-placed to respond to day-to-day governance issues like the structure of corporate and family boards, and once-in-a-lifetime issues like the design of succession model and exit form. Packed with 30 new worldwide cases studies and practitioner interviews, this is the ultimate guide for family businesses who want to achieve long-term success and fulfilment.

Morten Bennesden is the Andre and Rosalie Hoffmann Chaired Professor of Family Enterprise and Professor of Economics at INSEAD. He leads the family business activities at INSEAD and is the academic Director of the WENDEL International Center for Family Enterprise and the co-director of the Hoffmann Research fund and has won a number of teaching awards. He has been advisor and consultant for a.o. the Danish association of private equity funds, the Danish Ministry of Foreign affairs, the World Bank and Novo Nordisk foundation. He frequently gives talks to family firms, corporate finance institutions, investment banks and private equity funds on the governance of family firms and the economic consequences of succession

Joseph Fan is a consultant for Asian business families and corporations, and international organizations including the World Bank, OECD, and Asian Development Bank, as well as Joint Professor of School of Accountancy and Department of Finance, and Director of Institute of Economics and Finance of The Chinese University of Hong Kong. Before joining CUHK in 2004, he was on faculty of University of Hong Kong and Hong Kong University of Science and Technology. Fan is an expert in finance and governance of emerging market corporations, and one of the most cited finance professors in Asia.