Abstract
This paper discussed Family Business Leadership Governance (FBLG) practices: the approach to leading the family businesses, family business strategy, the structure of family business leadership, and family constitution & succession planning. These practices are significant for any family business and must be developed and executed by the Chief Family Business Officer (CFBO) to ensure the proper governance of family business leaders. Further, this paper will introduce the ASLI framework to work on each family business leadership practice. These practices are also interconnected with each other. This framework can be presented as new knowledge in family business management. If the family businesses apply this framework formally, it will play an imperative role in their sustainability and growth.
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