Without a Board

In 2016, the consulting firm KPMG surveyed more than 200 directors and senior executives of family businesses in Mexico. Only 45 percent of the respondents had a governing body such as a board of directors. Only 30 percent of the boards included independent members in their meetings. KPMG described “decisiones más o menos unilaterales tomadas por los dueños y directores” (more or less unilateral decisions taken by the owners and directors).

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