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Company Directors: Duties, Liabilities and Remedies

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Family Business Case Studies Across the World: Succession and Governance in a Disruptive Era

Edited by: Jeremy Cheng, Luis Diaz-matajira, Nupur P. Bang, Rodrigo Basco, Andrea Calabro

ISBN13: 9781800884243
Published: May 2022
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: Price on Application



This book presents a unique collection of case studies from across the globe to create a comprehensive understanding of how family firms can respond to future disruptions. Each case contains learning notes with objectives, discussion questions and suggested readings to facilitate learner understanding and engagement with the topic. Cases on topics such as global succession and governance practices will aid strategic decision-making capabilities in family businesses and will also benefit practitioners in these areas.

Diverse in terms of generational involvement, demographic groups, cultural aspects, institutional settings and industries, the cases range from founder-led SMEs to multi-generational family conglomerates in 18 countries spanning over four continents. In addition to identifying successful practices, this book offers unconventional wisdom on the impact of family feuds, sudden death, divorce and multiple marriages on family businesses. It concludes by exposing new understandings on succession and the unique role played by rising-generation leaders in this disruptive era.

Informed by the common research paradigm of the Successful Transgenerational Entrepreneurship Practice (STEP) Project Global Consortium, this book will provide a practical learning experience for advanced students and scholars of family business, family entrepreneurship, and strategic management studies.

Subjects:
Company Law
Contents:
Foreword by Pramodita Sharma
Foreword by Daniel Trimarchi
About the STEP Project Global Consortium
Acknowledgments xxiii
1. Family firms across the world: succession and governance in a disruptive era
Nupur Pavan Bang, Georges Samara, Rodrigo Basco, Andrea Calabrò, Jeremy Cheng, Luis Díaz-Matajira and Albert E. James
2. Family business case learning: how to maximize learnings from this STEP project global casebook
Jeremy Cheng, Andrea Calabrò, Luis Díaz-Matajira, Nupur Pavan Bang, Rodrigo Basco, Albert E. James and Georges Samara
PART I: CONFLICTS, SUDDEN DEATH AND SUCCESSION
3. Aborted succession: we need both succession and retirement plans
Miruna Radu-Lefebvre and Ameline Bordas
4. Mending the fence before the family fell apart: succession in the Shampoo family
Kavil Ramachandran and Nupur Pavan Bang
5. The silence before the storm: intragenerational conflict for succession
Özlem Yildirim-Öktem and Irmak Erdogan
6. Lessons learned from being NextGen
Peter Klein and Stefan Prigge
7. Florax Group: when unintended succession leads to unfulfilled promises
Rosemarie Steenbeek, Judith van Helvert and Jolanda D.A. Knobel
8. Succession turnaround at the Avendorp Group: a true family tragedy
Daniël Agterhuis, Julian van den Akker and Judith van Helvert
PART II: GOVERNANCE FOR TRANSITION PLANNING
9. Valuing our values: family values driving business success
Eric Clinton and Stephen Browne
10. Time to hang up the boots?
María Jesús Hernández-Ortiz, Francisca Panadés-Zamora, Myriam Cano-Rubio and Manuel Carlos Vallejo-Martos
11. A woman at the helm: growth and succession at Inversora Lockey C.A.
Nunzia Auletta and Patricia Monteferrante
PART III: UNCONVENTIONAL WISDOM IN UNUSUAL TIMES
12. “Should I stay or should I go?”: Filipe de Botton’s dilemma
Alexandre Dias da Cunha and Remedios Hernández-Linares
13. Can I retire? An early successor’s dilemma
Dalal Alrubaishi
14. Which family prevails during divorce and succession? The Wagner Avila case
Luis Díaz-Matajira and Stefano Wagner
15. “Chemical reaction”: choosing a successor in a mosaic family
Elena Rozhdestvenskaya
16. Clease’s Auto: how a global pandemic allowed a family to maintain their family business legacy
Elizabeth Tetzlaff, Brittany Kraus and Albert E. James
17. The Ricci Durand family in the COVID-19 pandemic
Carmen Pachas Orihuela, Antonio Martínez Valdez and César Cáceres Dagnino
PART IV: RISING-GENERATION LEADERSHIP IN ONGOING DISRUPTIONS
18. Pineola Nurseries: family business succession under fire
Steve Gaklis
19. DC International: riding out of disruption as a third-generation successor
Marshall Jen, Jeremy Cheng, Kevin Au and Kelly Xing Chen
20. Am I ready for this?
Andrea “Ginny” Santiago
21. Universal Cement Corporation: doing “one thing at a time” in the crisis of multiple needs?
Yi-Chun Lu, You-Fong Wu and Hsi-Mei Chung
22. Conclusion: the lessons learned
Rodrigo Basco, Albert E. James, Nupur Pavan Bang, Andrea Calabrò, Jeremy Cheng, Luis Díaz-Matajira and Georges Samara

Index