chapter  7
22 Pages

Family Business Governance: A Review of the First Experiences of Polish Family Firms Izabela Koładkiewicz

Family business governance (FBG) encompasses the defining of the roles of specific actors appearing in the family of owners and the family company, including the family of the owners, owner family members serving managerial functions, and managerial staff not tied to the family, as well as their tasks and responsibilities in the life of the family company (Aronoff and Ward, 2011; Cadbury, 2000). The importance of FBG is primarily perceived by advisors collaborating with family businesses. However, the experience of the world’s oldest family firms indicates that family governance has played an important role in their survival over the centuries (see, for example, Goto, 2006). That is why the phenomenon of FBG continues to be a sphere that requires further research.