Values to achieve value for family-owned businesses

In this article, Chris Hodge - Special Advisor on corporate governance, analyzes the key takeaways from the recent EBRD and Nestor Advisors conference on the corporate governance of family-owned businesses. Participants shared many fascinating insights into the challenges faced by family-owned businesses and how to address them. For family-owned businesses to succeed in generating sustainable long-term value they need to put the interests of the business ahead of those of the owners and embody the principles of agility, openness and fairness in the way they operate.

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