How to protect your family business from internal fraud

Family businesses can thrive and pay handsomely over many generations if managed well, writes JOHN KARIUKI

Vickie and Tom Njaaga inherited a fleet of matatus when their father died. But rather than design a watertight framework of running the business, or, more importantly, how to share the spoils, the two brothers decided to manage it jointly. They made the crews answerable to both of them. They both also became joint signatories of the bank accounts.