Considering Independent Directors to Improve Governance of Family-Owned Businesses
By Geoffrey T. Raicht, Founding Member, Geoffrey T. Raicht PC
Family-owned businesses (FOBs) are a vital part of the U.S. economy, constitute the realization of the American dream for many, and play a critical role in the creation of generational wealth. There are 5.5 million FOBs in the United States, and they contribute 57% of the total gross domestic...
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Geoffrey T. Raicht is a New York attorney with 25 years of restructuring and insolvency experience with several AmLaw 100 firms. He is the founding member of Geoffrey T. Raicht, PC, a boutique law practice that provides restructuring and bespoke general outside corporate counsel services. Raicht also serves as an independent director.