FAMILY COMPLIANCE
By: Martin SalasPublished in Semana Económica magazine on 06/22/2018
One of the cases where the implementation of corporate governance and compliance has been successful is Breca. The conglomerate took the opportunity of transition between the second and third generation and started the transformation. The sponsorship of the second generation was key and the alignment of the third critic to carry out a process of transformation not only of corporate image but cultural. One that promoted values as the common glue among the different businesses, driving not only the implementation but also the practice of a corporate governance, compliance and management model.
Finally, the full implementation of corporate governance and compliance is not a silver bullet. However, implementing them in a family business, creates intangible value to the company, increases its chances of sustainability, and therefore extends its life horizon allowing the continuous participation of the next generations in its success and legacy construction.
