FAMILY BUSINESS PLANNING & SUCCESSION

Corporate Governance issues, and the role of the Board, are complex, crucial and often difficult when the company is owned by a family and moves from generation to generation. The failure rate is significant. The successful transition from one generation to the next, from founder, to siblings, and on to the cousin consortia can be successfully managed and governance established by putting in place some simple structures. Our program consists of:

Vision, Mission, Core Value and Objectives

• The Board, Governance and Family Membership
• The Family Forum, Family Council, Family Charter

Drafting the Family Business Model

• Alternative Models
• Gaining Agreement On A Specific Model

The Family Business Philosophy

• The Family First or The Company First
• A Balance of the Two Philosophies

The Family Forum

• Membership, Meetings, Roles
• Decision-Making, Conflict Resolution

The Family Council

• Membership, Elections, Meetings, Roles
• Communications with the Family, the Board, the CEO
• Development of High Potential Family Members

The Family Charter

• The Rule, the Reason, the Process
• Development and Ratification

The Family's Relationship to Board and Non-Family Management

• Career Paths, Training Plans, HR Planning Systems

Special Issues In CEO Succession - Role of the Board

• The Transition Path and Timetable
• Non-Availability of a Family Member - Alternatives
• Managing Family Expectations of a New CEO

For a complete list of our services, please contact us.