Family Business?rnthe Role Of Independentrndirectors In Family Firms

摘要

When a family firm goes public it needs to start thinking as a publicly-listed company, taking business decisions which take into account the interests of its newly acquired minority shareholders and the corporate governance expectations of a wider group of stakeholders. Unfortunately, not every CEO is able to make this transition and - as last year's sensational trial of Conrad Black makes clear - some seem unable or unwilling to distinguish between the firm's assets and their own entitlements. Professor Deborah DeMott, Professor of Law at Duke University in the US, has studied this aspect of family firms and CSJ recently took the opportunity to interview her on the relevance of her research to Hong Kong.