How Many Boards Does Your Family Company Need

As family companies evolve over time, their corporate governance needs must adapt. Each stage in the life of a family company calls for different types of boards and different roles for the family on these boards. Dr. Pascale Michaud discusses a general framework to begin thinking about how to tailor the corporate governance architecture for a family company. Excerpt from the BUILDING A WORLDCLASS BOARD FOR THE FAMILY ENTERPRISE program at the Cambridge Institute for Family Enterprise, a leading boutique education provider for multigenerational family businesses.