Governance structures and succession planning in spanish family companies
DOI:
https://doi.org/10.51302/rtss.2010.5317Keywords:
family firm, governance, succession processAbstract
Family firms are the most common business formula in the Western world, being at the core of economic activity and supporting development and social cohesion. They are currently facing a double challenge: first, the professionalization of management, and second, addressing the succession process. In the present study, an analysis has been carried on the governing bodies that characterize this type of companies and their relation to the practices they are adopting with the aim of achieving continuity. The sample was formed by a total of 69 corporations in our country, belonging to all the Autonomous Communities. From a methodological point of view, data were obtained using an instrument that was specifically elaborated for this study, assorted documents provided by the companies, and personal interviews with their main agents. Following the results of the statistical analyses performed on the recorded data, a set of recommendations for family companies are provided.
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