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Such a situation could lead to weakness in those companies, including corporate governance issues, says Stéphane Garelli, founder of the IMD World ...
We are seeing this happen more and more in the US and the EU. If I know the company is doing something illegal and I do not ask the necessary questions and oppose it, I am legally responsible.
Would you tell the founder that his son or daughter may not be the right fit and that he may want to consider letting a professional manager take over the role for a period of time?