To ensure long-term success, family business boards must focus on building trust, fostering accountability, and avoiding common governance pitfalls.

Stepping into the boardroom of a family enterprise is unlike joining any other corporate governing body. The next generation arrives not merely as aspiring directors but as custodians of a legacy, inheriting both the privilege and the responsibility of shaping the firm’s future.

Gender-based quotas are an effective way to challenge power structures and improve the number of women on major board committees, finds new research by emlyon business school. But ownership matters: state and institutional investors open the door, while family owners often keep it firmly shut. The study, conducted by Professor Jean-Luc Arregle, Professor of International Strategy at emlyon business school, and his co-authors investigated how national quotas and corporate owne