Some years, it’s difficult to look back across 12 months and find a common theme. The year 2016 wasn’t one of those years. Instead, there’s one word that defines 2016—not only for family businesses, but also for the larger world as well—and that word is “governance.” From beginning to end, 2016 was the year of governance in all its good, bad and ugly forms. Governance was the key issue for families, family businesses, nations and the global community. And, while in some years, there’s a nice ending to the year’s story by Dec. 31, the story of governance doesn’t have an end in sight. A timeless issue, the recent challenges raised with respect to governance at all levels may not be resolved for a long time, if at all. I’d like to shed ligh...
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