The Levant Family Business Podcast – Formalizing The Board Of Directors
Episode 1 – Benefits and pitfalls of setting up a family business board of directors.
Did you know that 72% of US-based family business have a formal board of directors? Estimates suggest that in the Middle East the percentage of family businesses with a formal board of directors is significantly lower than this.
Setting up a board of directors is a clear signal of strong governance practices in both family owned and non-family owned companies. However, setting up a board of directors is not an easy thing to do.