Families need to understand the risks to their business’s reputation and employ effective strategies to combat an increasingly litigious environment. Elizabeth Henson looks at how family businesses can protect their reputation.
The Stronach family, founders and controlling shareholders of Cananda-based Magna International, could relinquish more than 40 years of control today when shareholders vote on whether to eliminate the company’s dual share structure.
On the surface family feuds don’t look so good for business. They mean decisions are often put off as family energies get diverted to emotional disputes, not the running of the company, writes David Bain