Question

In regards to Yuengling Brewery family business, what are the top 4 governance structures you would recommend they create to secure the continuity of the family business? and why?

Answer 1

answer-

Yuengling Brewery family business

governance structure-

in any family business to continue for long term,  corporate governance is one of the key factors that determine the health of the system and its ability to survive economic shocks. the connection between the invidual & familiy determines the health of the family business.

the four governance structure or corporate struction of the company-

1. Accountability
2. fairness
3. transparency
4. leadership

above points because family business involves the family members & relatives like wife,brother,sister,brothers etc at many top management position of the company & with that they are accountable to give opinions,votes,decisions in many cruicial matters of the business.any personal dispute or misunderstanding can affect the business operations.

for example- if brothers & sisters are members of the board of directors & both do not like each other then that clash would show on the business & its continuity.

so ,to create security to the continuity of the family business-

Harmonious relations within the family to create an understanding of how it should be involved with the family business.

Strong governance of the family business and a dynamic business Portfolio

Professional management of the family’s wealth etc.

* above answer is written in my own words.hope this answer would help you.good luck.