The key difference between a family council and a board of directors is that:

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The key difference between a family council and a board of directors is that the council is specifically designed to keep the family involved in the business while the board is focused on running the business. The council primarily deals with family matters, such as family traditions, ownership succession, and the communication between family members. On the other hand, the board of directors focuses on maximizing business performance, overseeing management, and making strategic decisions. While both the council and the board can gather legal advice, the council's main purpose is to ensure that the family's values and interests are reflected in the company's decisions.

The Key Difference Between a Family Council and a Board