Start of Main Content
Author(s)

John L. Ward

Craig Aronoff

Lists the excuses made by family businesses in not having outside boards. No one good enough; No known people; Hurt feelings of family and employee directors; Uninteresting meetings; Prospect of removing a director; Boards as too much work; Fast growth; Directors' liability insurance; Resolution of family conflict; Refusal to give up control.
Date Published: 1993
Citations: Ward, John L., Craig Aronoff. 1993. 10 Myths About Outside Boards. Nation. (4)56-67.