Key Governance Challenges for Family-Owned Businesses PPT

This PPT slide, part of the 27-slide Corporate Governance: Guide for SMEs PowerPoint presentation, titled "SME Governance" outlines key challenges faced by private family-owned companies. It presents a visual representation of these issues in a puzzle format, indicating that addressing these challenges is essential for effective governance.

The first issue highlighted is the "Lack of definition of roles and responsibilities." This suggests that ambiguity in roles can lead to inefficiencies and conflicts within the organization. Next, "Weak governing bodies and weak information management" points to potential deficiencies in oversight and data handling, which can hinder decision-making processes.

The slide also notes a "Low level of transparency," which is critical for building trust among stakeholders. Transparency issues can lead to misunderstandings and a lack of accountability. The mention of "Non qualified people in key positions" raises concerns about the competency of leadership, which can directly impact the company’s performance and strategic direction.

Additionally, the "Lack of strategy and budget" indicates a failure to plan effectively, which can stifle growth and adaptability. The slide addresses "Difficult relations between family members," a common issue in family businesses that can complicate governance and operational efficiency.

Lastly, "Weak risk management and internal audit functions" suggests vulnerabilities in identifying and mitigating risks, while "Low institutionalization" implies that the company may not have established formal processes or structures, leading to operational inconsistencies.

Overall, the slide emphasizes that good governance practices can help mitigate these issues, thereby enhancing the effectiveness and sustainability of family-owned businesses.

This slide is part of the Corporate Governance: Guide for SMEs PowerPoint presentation.

MBB/Big 4 style presentation that helps identify good corporate governance practices that may fit a company, focusing primarily on the Anglo-Saxon unitary board model

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Governance Risk Management Family Business Corporate Governance Leadership Sustainability

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