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  • © 2011

Building a Successful Family Business Board

A Guide for Leaders, Directors, and Families

Palgrave Macmillan

Part of the book series: A Family Business Publication (AFBP)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-x
  2. Independent Boards of Directors and Family Business: Introduction to a Powerful Alliance

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 1-7
  3. Truth and Myths about Boards: Meeting the Challenge

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 9-23
  4. The Role of the Board in the Family Business

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 25-34
  5. The Special Value of Independent Directors to the Family Business

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 35-52
  6. The Vital Role of the Board in Family Business Continuity Planning

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 53-66
  7. Designing the Board

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 67-88
  8. Finding and Selecting Directors

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 89-116
  9. Managing the Board

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 117-144
  10. Making the Most of Your Board

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 145-163
  11. Linking Family and Business Governance in Later Generations

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 165-187
  12. How You Can Contribute As a Director

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 189-209
  13. Our Call to Action

    • Jennifer M. Pendergast, John L. Ward, Stephanie Brun de Pontet
    Pages 211-216
  14. Back Matter

    Pages 217-263

About this book

In Building a Successful Family Business Board , the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm.

Reviews

"This book is an outstanding collection of "best practices" as well as many new concepts. It both validated existing methods and introduced fresh ideas for the Advisory Board of my 102 year-old family business." - Ron Saslow, President & CEO of Hu-Friedy Manufacturing Company "Several years ago, as Welch Allyn struggled to transition from the 3rd to the 4th generation of family ownership, John Ward visited our company, and personally advised us through the next phase in our evolution as a family business. Now, John has collaborated with Jennifer Pendergast and Stephanie Brun de Pontet to produce a book detailing the benefits of evolving the family business in both ownership and governance structure, to ensure that the family business can not just survive, but thrive, for many generations beyond the founder. Their first hand experience can provide valuable insights to any family business concerned with smooth and successful transitions between generations. As my company celebrates our 95th of family ownership, we are grateful for the lessons shared by John, Jennifer, and Stephanie in this book." - Eric R. Allyn, Welch Allyn, Inc.

"An active independent board is the single greatest resource for the modern family business and have become essential to the success of family businesses in our globally competitive world. This guide shows how to blend committed family members with talented non-family directors to produce an effective, independent board and flourishing family business. Great boards sustain great companies." - Lanse Crane, Chairman and CEO of Crane & Co.

"One of the significant weaknesses in a family business is the lack of the type of honest, objective feedback which is provided by a thoughtfully constructed Board of Directors. These authors have provided an extremely valuable resource for family business owners which not only provides the rational for utilizing boards but the equally important "how to" implement this process." - Lee Hausner, Managing Director First Foundation Advisors

Authors and Affiliations

  • Chicago, USA

    John L. Ward

About the authors

JENNIFER M. PENDERGAST Senior Consultant of The Family Business Consulting Group, Inc. She specializes in strategic planning, family and business governance, family office structure, and facilitation.

JOHN L. WARD Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management, USA, and teaches strategic management, business leadership and family enterprise continuity.

STEPHANIE BRUN DE PONTET Associate of The Family Business Consulting Group, Inc. She specializes in building effective ownership teams and advising family enterprises facing important transitions.
 

Bibliographic Information

Buy it now

Buying options

eBook USD 49.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 64.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access