Family members who work and Family members who don't work inside the family business
Interests of the family members
working inside the family business may differ and very often differ from those
of the members who don’t work inside the family business.
The following are just a few
examples of possible interests of family members who work inside
the family
business:
- to consolidate over time
their own economic and decision-making power;
- to maximize their own
remuneration;
- to keep the strictest
control over corporate assets and financial resources;
- to avoid the distribution of
dividends also to pursue corporate self-financing;
- to keep the highest degree
of stability in the controlling voting share of family members by the means of
constrains to the circulation of participation rights in the family business;
- to keep to a minimum the information
about activities of the family business;
- to avoid as far as possible the
control by family members who don’t work inside the family business;
The following are just a few
examples of possible interests of family members who DO NOT work inside the
family business:
- to receive a regular and
fair dividend, proportionate to the results achieved by the family business, to
its capital and to the degree of business risk burdened by family members;
- possibility of immediate
liquidation of the participation rights in the family business at fair value;
- absence of any restriction
and/or constrain to the free circulation of participation rights;
- effective and efficient
control over the activities performed by the family members who work inside the
family business;
- easy access to the information
related to the family business.
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