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Family businesses are an overlooked form of ownership. Yet, they are all around us. One-third of companies in the S&P 500 index pic-1-Family-Business-5-Dimensions-300x199.jpg?profile=RESIZE_710xand 40% of the 250 largest companies in France and Germany are defined as a family business. A family business means that a family owns a significant share and can influence important decisions.

As family businesses expand their entrepreneurial beginnings, unique performance and governance challenges are encountered. The generations that follow the founder may insist on

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