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Do Family Councils Really Work? The Need for Empirical Study

In: Understanding Family Businesses

Author

Listed:
  • Carmen Bianchi

    (San Diego State University)

  • Keanon J. Alderson

    (California Baptist University)

Abstract

Governance continues to be among the most important issues facing family ­businesses. The widely accepted three-circle model of family, management, and ownership (Tagiuri and Davis 1996) employs a board of directors to address governance at the intersection of ownership and management; however, this significantly ignores the family’s interests. The family and the business are often so enmeshed that emotions are simply inevitable (Alderfer 1988). To correct for this oversight, family meetings, family councils, and family constitutions are often advised by family business consultants. Family councils are formed to benefit family members in the areas of planning, policy making, and strengthening business–family communication.

Suggested Citation

  • Carmen Bianchi & Keanon J. Alderson, 2012. "Do Family Councils Really Work? The Need for Empirical Study," International Studies in Entrepreneurship, in: ALAN CARSRUD & Malin Brännback (ed.), Understanding Family Businesses, chapter 0, pages 185-202, Springer.
    • Handle: RePEc:spr:inschp:978-1-4614-0911-3_12
    DOI: 10.1007/978-1-4614-0911-3_12
    as

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