Family Governance Consulting
Family businesses have historically grown with time, effort and investment of their owners, which heightened their sense of ownership to their business and the sense of responsibility towards their family members.This drove the need for a formal means to govern the relations between the Family and the Business and to ensure business sustainability, while protecting the family bond and preserving an on going Family Legacy across the generations.
A Family Constitutions is the Family’s guide, as it includes chapters that outline the governing rules that link the family to the business while maintaining the family bond and business sustainability and growth.
In a workshop setting the Consulting team facilitates, through a methodical structured approach with all adult family members, the Constitution chapters to match the family needs, size, culture, business and ambitions. Following are the chapters customized during the workshops:
Family Strategy Foundation:
- Mission, Vision & Values.
Exit policy & Dividends distribution Policy
Education & Recruitment Policies
Entertainment & Charity Policies
Conflict of Interest Policy.
Family Institutions Structure & Composition:
Family members selection criteria for attending the Family Assembly and Family Council meetings
Family Institutions’ topics and activities
Family Institutions logistics (meetings frequency, meetings minutes, activities follow up etc.)
Corporate Governance Consulting
The Governance modules integrates; Board dynamics, internal controls, risk mitigation, succession planning and transparency in the DNA of the organization through ensuring their institutionalization in all organizational systems, processes and people
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Let us walk you through our sustainability solutions and innovative management approaches while ensuring capacity building of your teamsContact us