The rise of the family business constitution [Financial Times (FT.com) (UK)]
HSBC HOLDINGS (HSEA)
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Source: Financial Times
Brian Groom December 13, 2017 Experimental feature Listen to this article 00:00 00:00 Experimental feature Report a mispronounced word What was mispronounced? Optional: help us by adding the time Thank you for your help! or Give us your feedback Thank you for your feedback. What do you think? Please tell us why (optional) Family businesses are acutely aware of the danger they face. Most do not make it beyond two generations: power struggles between successors and dispersion of wealth and control are just two ways in which a budding dynasty can fall. More such companies are drawing up family constitutions, also known as charters or protocols, to help them prosper and endure. These are statements that set out a family’s values, strategic goals and governance. They are not new — the Mitsui merchant family of Japan cr
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