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Sibling Code of Conduct

Here’s a good example of a Sibling Code of Conduct, developed to clarify the expectations of a team of sibling owners and to reinforce and make explicit their commitment to one another.

  • To care for the family's reputation.
  • To respect each other.
  • To make decisions and resolve difference together--without drawing in third parties.
  • To be sincere--honestly expressing personal goals and hopes, not bargaining.
  • To resolve issues and to leave differences behind "closed doors."
  • To avoid polarization. To avoid "no way, nevers." To think "win-win."
  • To neither act nor make decisions in anger.
  • To share the stage with each other--in public and in the company and to protect each other publicly.
  • To use competition constructively--not against each other, but against industry standards 
  • To root for each other--knowing that each is better off from the success of the others.
  • To include spouses fairly but not put them in the middle of any differences.
  • To accept without question the "Beware" signal which expresses one's pain or discomfort and the need for time to "cool off" before revisiting the topic.
 

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