Thursday, December 10, 2015

Vatican's Money Woes Have Lessons for Chinese Family Businesses

By Co-Director of CEIBS Centre for Family Heritage and Professor of Finance and Accounting Oliver Rui

Chinese family businesses should pay close attention to the sensational new allegations of widespread misuse of Vatican finances that were revealed by Italian journalists in two books published in November. Family businesses share many unique organizational characteristics with the Vatican , and these alleged financial misdeeds demonstrate why it’s so important that they both put in place transparent systems for corporate governance, power sharing and property rights if they want to survive for future generations. Read more on