nonfamily

nonfamily

(ˌnɒnˈfæmɪlɪ; ˌnɒnˈfæmlɪ)
n, pl -lies
a household whose members are not related
adj
relating to households, organizations, or relationships in which its members are not related
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References in periodicals archive ?
While working for more than a decade for an MNC, Reyes-Lim met a CPFI nonfamily professional who extolled his satisfaction with the company.
He is seemingly untouchable and indifferent to what other nonfamily shareholders think he and his companies should do.
Nonfamily staff members may begin to think of themselves as family and regularly step "out of bounds" or expect perks of the family.
Complementarity, studies on executive compensation in family firms found out that family CEOs' compensation levels are lower and they receive less incentive-based pay in comparison with nonfamily CEOs (Cruz, Gomez-Meija, & Becerra, 2010; Gomez-Mejia, Larraza-Kintana, & Makri, 2003; McConaughy, 2000).
We further subdivide family firms into those with family-member CEOs and those with nonfamily CEOs.
To ensure that help goes to those who genuinely need it, such as America's farm families, the Farm Bill authorized USDA to close a loophole and limit payments from those not involved on a daily basis in nonfamily farm management.
Varied ownership patterns may also introduce conflicts among controlling family owners and between family owners and nonfamily owners, who hold minority stakes in the firm (Morck & Yeung, 2003).
2012), innovativeness and performance (Kellermanns, Eddleston, Sarathy, and Murphy 2012), justice perceptions of nonfamily members in family firms (Barnett and Kellermanns 2006), and goal alignment and board composition in family firms (Jaskiewicz and Klein 2007).
Specifically, compared to nonfamily firms, family firms face less severe Type I agency problems, which develops from conflicts of interest between managers and shareholders (Jensen and Meckling 1976).
He was succeeded by Richard Samuda - a nonfamily member - while Peter Horton is now the senior family member on the board.
The ministry of personnel will be meeting on September 27 where it could be decided that a pensioner can now nominate any person, even a nonfamily member, to be entitled to the amount in his pension account after his death.