MCD 2 : Value Creation for Private Owners and Directors
Private and family-owned firms represent 80 to 90% of firms worldwide and are important drivers of national economies and job creation. Many of these family firms are undergoing seismic shift as they branch out from traditional tried-and-tested business territory into new industries in search for new opportunities in value creation. The emerging digital transition very much contributes to such a turbulent context.
This session presented by Professor Ludo Van der Heyden of INSEAD highlights some of the main challenges faced by family firms in their endeavours to attain high-performance governance aimed at value creation, or even just aimed at value preservation.
It will also focus on the importance of having a full set of governance structures consisting of three bodies: the executive management, the board of directors, and the leading shareholders.
Value creation can then result if these three bodies are aligned around a common vision and project. Pitfalls with such a three body structure will be illustrated during the session, with remedies on how they can be avoided.
COURSE OBJECTIVES
- Provide an overview of the typical governance structures applied by family-owned firms.
- Discuss the challenges and tensions faced by family-owned firms in
maintaining high performance governance aimed at value creation.
- Examine the merits of the three-body governance structure as a means to
scale for high performance governance and perhaps more humbly for
preserving value.
- Identify potential pitfalls that may arise with
the proposed structure and discuss measures that can be introduced to
prevent their occurrence.
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COURSE OUTLINE
- Uniqueness of family-owned firms.
- Chair’s roles and functions in different contexts.
- Complementary roles and agendas of the board directors, executive team and private owners and fostering alignment.
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CPD Hours : 4
| SID Member: |
S$450.00 (excl. GST) |
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S$481.50 (incl. GST) |
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| Non-SID Member: |
S$620.00 (excl. GST) |
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S$663.40 (incl. GST) |
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