Starts with "C"
When Family Businesses decrease their levels of innovation, we refer to them as _____________
What is conservative?
This Board has no legal powers.
What is the Advisory Board?
This governance structure would most address the goal of family unity.
What is the family council?
The practice of adopting successor males is most common in this country.
What is Japan?
Typically the most family members are involved at this stage of the family business.
What is the cousin-consortium stage?
Of the many policies considered best practice for family businesses, this one should be in place before anyone gets engaged.
What is a pre-nuptual policy?
The unique interaction between ______ and business can lead to competitive advantages in a family business.
What is family?
This building block company has been very successful with its non-family CEO.
What is LEGO?
Family members should be __________ to get a job in the family business.
What is competent?
These types of costs can be addressed by managerial and governance practices.
What are agency costs?
According to our definition of family businesses, a business should have minimum profits of ____ before it can be considered a family business.
What is "there is no minimum"?
Which department has more people in Brian Cohen's law firm - tax/ high net worth or litigation?
What is litigation?
This type of ownership is an advantage of family businesses.
What is concentrated?
The guiding document of the ownership group.
What is the shareholders agreement?
Discussions among family members should aim for ___________ rather than a vote to best maintain family unity.
What is consensus?
A G2 or G3 "______" could significantly help to improve case flow for future generations (Catherine Herring)
What is "bump"?