EAN: 9783658073152

FAMILIENUNTERNEHMEN UND KMU OUTSIDE DIRECTOR ...

Pascal Engel investigates how outside directors are incentivized in family firms that are
publicly listed but still partly owned by members of the founding family. Owning families
significantly influence their firms' corporate conduct with their own set of goals  sometimes
in conflict with economically driven goals of the capital markets. The author analyzes how
family shareholders exert their influence on compensation schemes of outside directors who have
the difficult task to protect the interests of family and non-family shareholders. This book
provides insights on current approaches of defining a compensation scheme that attracts
qualified outside directors but concurrently reflects respective shareholders' preferences.

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