Video

Family Business Governance: Examples from Egypt and Colombia

This is the story of two family businesses, in Colombia and Egypt, that show the people and policies behind their longevity and success. Family businesses are the oldest and most prevalent form of business in the world. In many countries, family businesses represent up to 70 percent of the economy and play a big role in employment, growth, and quality of life. But most family businesses ultimately fail: about 95 percent do not survive the third generation of ownership. IFC, a member of the World Bank Group, provides investment and advisory support to clients around the world, including advice on corporate governance, the structures and processes by which companies are directed and controlled.

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DR. YOGENDRA NATH

- Sep 15, 2021
With the passage of time, the taste, necessity, lifestyle, etc. of family members change and that is one the reason for non-survival of family business.

MOHAMMAD

- Jan 25, 2021
Great!

Anvar

- Mar 27, 2020
Interesting!

Joy Mildred Adhiambo

- Dec 2, 2019
Family Business

Andradiet I.J

- Nov 4, 2019
Not surprise to hear 95% of family business didn't survive to the 3rd generation. The founder of the business might come from poor family so struggling to start and grow the business. The 3rd gen was grandchildren of the rich, so might not have spirit of struggle as the grandfather. Congrats for the family business which has realized that governance is the door to the business sustainability.

Monir

- Apr 19, 2019
Constitution ensure sustainability after the 3rd generation or after 20 years of establishment

Jafar

- Mar 24, 2019
Luar biasa dan sangat informatif

Ki

- Jun 16, 2018
Great!

Abdurazak

- Jun 3, 2018
thanks

EBRAHIM

- Aug 20, 2017
Great
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