Arthur T. Demoulas, the CEO of Market Basket, has been placed on paid administrative leave by the company's board of directors.

This isn't the first time CEO Arthur T. Demoulas has clashed with the supermarket chain's board of directors. Here's what happened last time.

As Market Basket navigates this governance crisis, it underscores the need for family businesses to balance family interests with robust corporate governance to ensure long-term stability and success.