Succession, as the transmission of the dominant shareholder´s position, is the main problem for the long-term subsistence of economically stable family businesses.It is a process that is often postponed, not only because it is a subject that usually generates conflicts in which reason and emotion gravitate side-by-side, but also because of the lack of capacity to adapt within the market, which leads the successor to put all the structural decisions in the hands of the ultimate successor. This issue does not only concern the successors, but the company as a whole: family, business, employees and market. From this perspective, the ideal is to predict, in advance, how the future management of the company will be carried out, avoiding potential conflicts that could compromise its "survival". The present dissertation intends to demonstrate that an adequate succession planning minimises the impact that the death of the entrepreneur who owns the business might have. In such planning, mortis causa non-transferability clauses, both in public and private limited companies, are, as we shall see, important instruments.
Date of Award | 10 Dec 2021 |
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Original language | Portuguese |
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Awarding Institution | - Universidade Católica Portuguesa
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Supervisor | Rui Pinto Duarte (Supervisor) |
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- Family business
- Succession
- Non-transferability clauses
- Mortis causa transmission
O planeamento da sucessão nas empresas familiares
Piçarra, S. A. D. S. B. (Student). 10 Dec 2021
Student thesis: Master's Thesis