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. A key influence on the type of ownership and control structure is the legal system. Traditionally _______ law systems do not give as much protection of minority shareholders' rights as do common law systems.

Your response

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. A family firm's governance structure may include a family ________.

Your response

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. An area of potential difficulty for smaller companies when seeking to establish a sound system of corporate governance is the appointment of ____________ non-executive directors.

Your response

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. In family owned firms there may be a lack of ____________ planning with detrimental results to the future of the business when, for example, the founder retires.

Your response

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. Smaller companies may often ___________ the roles of Chair and CEO.

Your response