Professionalising Family Business - Appointing non-family board members Sha is the third-generation director of a mid-sized and progressive medical company. His grandfather started the organisation on a very small scale in a small town in UP. The Board of the...
Sound Management A Family business is the pillar of family assets. A special attention should be given to it in a Family Charter. Who manages the Family Business? Family members and/or others? They may be assisted by consultants and advisers. How are Family...
Enforceability of Marital Agreements An important issue for the couple is whether the marital agreement will be enforceable. Generally, it will be upheld if it was entered into voluntarily and is not unconscionable. There are several facts the courts will look at...
Marital agreements help entrepreneurs to safeguard themselves and their families against any claims from third parties. They can be also useful to protect their company in the event of a divorce, and in the event of their death or incapacity to act. What are the...
Organising the Family Business Family reunions and family council Transparency fosters trust. As former US Supreme Court Justice Louis D. Brandeis once noted, "Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the...
