Corporate Governance Should Combine the Best of Private Equity and Family Firms
DECEMBER 22, 2016
We believe so — it is a form of governance that is much older than the public and private equity models, one developed in sophisticated Western capital markets. It takes time and courage to establish a chocolate habit in a completely new market, without compromising the original brand name, quality, or taste standards. In addition to the hybrid alternative, Western governance models are being challenged by a mutation of the classic private equity–leveraged buy-out model.