This collection of conceptual work and empirical research proposes a multi-dimension framework to describe family business systems and brings new insights to families in the work place.This book is a selection of papers created by contributors for the IESE Business School International Family Owned Business Conference, 2008. It offers a theory of family history and demographic factors that drive the resolution of the issue. It includes conceptual work and empirical study, looking at both theory and practice.Governing a large family of shareholders raises many challenging issues. This collection of conceptual work and empirical research proposes a multi-dimension framework to describe family business systems and brings new insights to families on how they can transfer important values to the next generation of staff.