Problem
Read the Case "A Place in the Family: Corporate Governance Practices in Family Firms" and answer the five discussion questions posed at the end.
Case Questions
• Analyze the role of the board at Lim Palm Co. In what way does it deviate from best practices in corporate governance?
• What would be the benefits to the company if it moved towards higher levels of corporate governance, as Stanley suggested?
• What contribution do you think Adeline can make to the company? Should she have done something differently? Should she do different things going forward?
• What qualifications do you think IDs in family firms need in order to add value for shareholders and stakeholders?
• Should regulators give IDs in family firms more power?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.
Attachment:- Case-A-Place-in-the-Family-Corporate-Governance-Practices-in-Family-Firms.rar