Category: Family Businesses

Strengthening Governance from Within: The Role of Executive and Non-Executive Directors in Family Businesses

Family businesses, while anchored in strong values and long-term vision, often face governance challenges due to blurred roles and concentrated decision-making. This is particularly true in Malta, where family members often dominate boards without clear role distinctions. Strengthening internal governance through defined roles for executive and non-executive directors (EDs and NEDs) can reduce conflict and […]

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Understanding the Complexities of a Family Business

Family businesses are vital to Malta’s economy, accounting for over 70% of SMEs. These enterprises, often run by multiple generations, involve various roles such as family owners, employees, and external professionals. While they offer stability and long-term growth, family dynamics can complicate decision-making and governance. Many lack formal boards or include only family members, leading […]

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