Financial Management of Family Businesses: Transparency – Compliance - Performance – Strategy - Governance

CFOs in family businesses face unique challenges, such as balancing interests and roles. The Center for Family Business at the University of St.Gallen (Switzerland) has created a network of CFOs from large German-speaking family businesses to discuss these issues and provide practical insights for everyday business life. The network fbxperts.ch is also present internationally.

Format: Hardback
Length: 270 pages
Publication date: 28 December 2023
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Managing finances within family businesses presents a unique set of challenges. Chief Financial Officers (CFOs) in particular find themselves navigating a complex web of interests and responsibilities, often standing at the crossroads of various stakeholders. Despite the public reticence surrounding family businesses, a lack of knowledge about these intricate interrelationships has persisted. To address this gap, the Center for Family Business at the University of St. Gallen (Switzerland) has established a dedicated circle of CFOs from large German-speaking family businesses. In their recently published book, these experts generously impart their wealth of knowledge and experience to the public for the first time. Spanning across a five-step model, they shed light on critical areas of responsibility that extend far beyond mere financial management. They delve into topics such as transparency and compliance, encompassing performance, strategy, and governance, offering practical insights for everyday business operations. Whether serving as managers, owners, or advisory board members, individuals who hold responsibility within family businesses can greatly benefit from this bridge between theory and practice. Furthermore, the CFO network fbxperts.ch has expanded its international presence over the past three years, establishing a presence in Italy, Spain, France, the United Kingdom, and other locations.

Weight: 584g
Dimension: 163 x 242 x 25 (mm)
ISBN-13: 9783658422110
Edition number: 1st ed. 2023