Remuneration in family businesses often extends beyond financial considerations, touching on fairness, relationships, and long-term sustainability. A key challenge lies in balancing equality, paying family members the same due to familial ties, with equity, which compensates based on role, contribution, and performance. Research shows that as family businesses mature, they tend to adopt more structured, […]
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 […]
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 […]