FAMILY COMPANY: CHALLENGES OF SUCCESSION IN A RURAL COMPANY IN SORRISO/MT

• DOI: 10.22533/at.ed.2162212220107

• Palavras-chave: Family business; Succession process; Corporate governance.

• Keywords: Family business; Succession process; Corporate governance.

• Abstract:

  This research aimed to investigate the challenges in the succession process in a family business, in the perception of those involved in the process: successful and successor. From a qualitative research approach, the descriptive case study was adopted as a method. As a research instrument, semi-structured interviews with members of the process were used. Where they answered specific questions to each one, others with the same direction, in order to answer the research problem. To analyze the results, the content of the interviews was used. To support the research, a literature review was used involving definitions of family business, management of organizations of this profile, succession process, corporate governance and structure model. The present research was carried out in a rural company located in the city of Sorriso-MT that is under the command of the second and third generation of the founding family, with the second generation as the central decision-maker. The results obtained in this research indicate that the challenges lie in the lack of criteria for hiring family members as well as the inexistence of rules for their behavior. It is possible, from them, to initiate a process of reflection. To provide this improvement in the company, through the literature review, a model of corporate governance structure was presented based on the management of the family business researched. with the second generation as the central decision maker. The results obtained in this research indicate that the challenges lie in the lack of criteria for hiring family members as well as the inexistence of rules for their behavior. It is possible, from them, to initiate a process of reflection. To provide this improvement in the company, through the literature review, a model of corporate governance structure was presented based on the management of the family business researched. with the second generation as the central decision maker. The results obtained in this research indicate that the challenges lie in the lack of criteria for hiring family members as well as the inexistence of rules for their behavior. It is possible, from them, to initiate a process of reflection. To provide this improvement in the company, through the literature review, a model of corporate governance structure was presented based on the management of the family business researched.