Dhaka, Sept. 3 -- Experts have suggested separating ownership from management in family businesses to ensure long-term sustainability, saying that professional executives should run operations under ethical guidelines set by the owners.

They have also emphasised that strong governance frameworks can guide executive decision-making and foster a sense of ownership when company boards duly recognise and reward leadership contributions.

The observations came at a seminar titled "Where Family Values Meet Future Vision: Strategy for Sustainable Succession" on Tuesday.

The event was jointly organised by the Metropolitan Chamber of Commerce and Industry (MCCI), Rajah & Tann Asia, and AAZ Partners in the capital.

Speakers underscored the impor...