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Bringing in a New Board of Directors

By Randel Carlock
Published 26 Feb 2009
Reference 5588
Topic Family Business
Length 1 page(s)
Language English
Inspection copy
6.00
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Summary

The case describes the challenges of a CEO making the transition from an advisory board to a formal board of directors. Strengthening governance is an important structure to support the transition of family businesses across generations.

Teaching objectives

The case explores how to strengthen a board of directors. It asks students to consider board composition, qualification, compensation and size. It also focuses on the functions of the board and CEO in managing the company, helping to clarify director and executive roles

Keywords
  • RD0309
  • AR0809
  • AR2009
  • Family Business
  • Family Business Governance
  • Board Members
  • Family Board Members
  • Family Governance
  • Corporate Governance
  • Corporate Governance for Family Firms
  • WICFE
  • Succession, next generation
  • Governance, parallel planning, strategy, boards
About the author
Carlock

Randel Carlock

Emeritus Senior Affiliate Professor of Entrepreneurship and Family Enterprise

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