An effective board of directors is necessary for retaining family loyalty in a growing family firm.

Name: An effective board of directors is necessary for retaining family loyalty in a growing family firm.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An effective board of directors can help manage family dynamics, provide strategic guidance, and ensure that the interests of the family and the business are aligned, which is crucial for maintaining family loyalty as the firm grows.

An Effective Board of Directors Is Necessary for Retaining Family