The founder and chairman of Marico says the board can play a role in selecting the right talent as well as identifying the value and purpose of the organisation.
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
Like any other business, a family business too should have governance in place to ensure that both its family and business strategies are taken care of.
A recent study shows that while most family-owned businesses view business ecosystems as an opportunity for growth. But a number of limiting behaviours persist.
