A family retreat formalizes the participation of the family in the business to a greater extent than a family council does.

Name: A family retreat formalizes the participation of the family in the business to a greater extent than a family council does.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A family council, not a family retreat, is a formal structure designed to organize the participation and governance of a family within a family business, addressing issues such as succession planning, conflict resolution, and strategic planning.

A Family Retreat Formalizes the Participation of the Family in the Business