Luis Fernando Rincón: "Through arbitration a dispute can be resolved in a shorter time"
Family businesses must have clear rules to be able to endure from generation to generation, and grow in a healthy and transparent way, explains Luis Fernando Rincón, a corporate governance believer, but even more than companies in the region Central America have a different, more efficient and less costly way of settling their differences. In his view, the key is to institute a regional arbitration center as already exists in Colombia, Peru and Panama and […]
Corporate governance in family businesses | The Economist
The Economist-Central America | | In the composition of the companies bases of the economy of the Latin American countries, the family businesses constitute an important portion. Unfortunately the statistics of the region show that it is common that these companies do not survive the third generation, since traditionally during the first the company is built, in the second generation is used and in the third disappears. This is due to the lack of structuring […]