03590nam a22004571i 4500 000706687 CaToSAGE 20240202172226.0 20230109140345.7 m o d cr un||||||||| 230109s2021 enka fo 000 0 eng d NEZPRACOVANÝ IMPORT 9781529610741 : No price (ebook) (OCoLC)1362530828 CaToSAGE eng rda pn CaToSAGE UtOrBLW HD62.25 .C73 2021 658.045 Craig, Justin B., author. Herschend Enterprises : unifying and communicating the voice of ownership / Justin Craig Jennifer Pendergast, and Sachin Waikar. London : Publisher as Kellogg School of Management, 2021. 1 online resource : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier SAGE business cases This case features a family business working to better integrate the voice of the whole family into corporate governance. In November 2019, the Herschend Enterprises board prepared to elect its first family chair in almost 20 years. For several years, the business, which owned and operated multiple popular US-based theme parks and other entertainment offerings, had been governed by a majority independent board led by an independent chair and run by a non-family CEO, with an engaged but largely hands-off family ownership group. Third- and fourth-generation owners struggled with how best to provide input on company direction. This was partly because several longtime independent directors, who were deeply trusted by the family and knew the business very well, were able to shape decisions and wield influence with minimal family input.In this context, the family had recently formed an owners' council responsible for consolidating the owners' voice. But the inaugural council members recognized that family leadership in general remained concentrated among a few members who filled slots on the family council, owners' council, and board. The company therefore had no effective mechanism in place to consolidate the voice of the owners and assure this was heard in the boardroom. Instead, it relied on the individual voices of owners who reached out to independent directors or on owners who already served as family directors.Grappling with these challenges were third- and fourth-generation family and owners' council members Chris (the incoming board chair), Jim, Jonn, and Austin Herschend-all serving or former Herschend corporate board directors. They considered how best to unify and engage the family around issues such as advising and working with the board, engagement of the broad ownership group, determination of optimal profiles for owners' council members and family directors, and the looming decision of moving from an independent chair to a family chair. Description based on XML content. elektronické knihy fd186907 czenas electronic books eczenas Family-owned business enterprises Case studies. Corporate governance Case studies. Pendergast, Jennifer M., author. Waikar, Sachin, author. SAGE business cases. SAGE Knowledge https://sk.sagepub.com/cases/herschend-enterprises-unifying-communicating-voice-ownership Plný text SBC EB NEPOSILAT EB