Meaning of board and management in owner-managed businesses in connection with long-term planning and ownership

Abstract:

The purpose is to develop the management in owner-managed companies to benefit of the ‘good’ transfer of ownership. This should be seen in the light of the fact that a significant share of companies who conduct a transfer of ownership do not survive the first five years of the new ownership. Thus, it is important to be able to identify the managerial challenges for the companies, stretching from the immediate management – where the employees have often grown up with the owner-manager – to an employee or a new management.