In a Successful Family Business, Do You Need (or Want) Outside Directors?
A successful family business often is successful precisely because of the brains, blood, sweat and tears of the family, or at least those members of the family who have devoted themselves to the enterprise. No one has as much invested, either financially or psychologically, in the long-term success of the business. So why should the family consider bringing outsiders into the business at all, much less as directors who could run wild in the boardroom?
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