An overwhelming majority of incorporated businesses in India are family run businesses. Our Partner, Tanmay Patnaik explores some issues that commonly affect the governance of family businesses and discusses possible solutions to address these. In Part 1, he talks about the importance of resolving disharmony on core business strategies, and the segregation of roles and responsibilities of family members. He also examines how the lack of clarity of ownership interests between active and inactive members of the family impacts governance of the business.
To view Part 2 of this video, please click here.
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