Fundamentals of Family Councils, Charters and Policies
Does your family business need a clear set of expectations and system of accountability for family members? Perhaps it's time to think about family governance.
During this primer, we'll introduce essential tools to help your family improve communication, resolve differences and work toward a common goal. You'll also learn how to talk about family governance with management, owners and other stakeholders to build support for this important initiative.
This introductory webinar is geared toward family businesses in the early stages of establishing policies, procedures and structure for communication and decision making within their families. Topics include:
Understanding family governance and its benefits.
Determining what structures fit your family.
Starting and organizing a family council with a step-by-step process.
Deciding who should participate and in what role.
Using charters, ground rules and constitutions.
Establishing conflict resolution and decision-making plans.
Increasing sense of alignment on key issues.
After this session, you will have the essential tools to begin building the framework for your family's governance structure while strengthening your family and your business.
About the Presenters
Barbara Dartt, DVM, MS is a senior consultant for The Family Business Consulting Group, assisting businesses with succession strategies, long-term planning, management transitions and family governance implementation, as well as other opportunities and challenges unique to family-owned businesses. Barb is a frequent author and speaker on family businesses in the agricultural industry. She earned the Advanced Certificate in Family Business Advising from the Family Firm Institute in 2014. Barb currently serves as a board director and is past-president of the Michigan FFA Foundation.
As a senior consultant with the Family Business Consulting Group, Inc., Anne Hargrave specializes in facilitation and processes that (re)builds trust among family shareholders including family meetings, role clarity, information flow between family shareholders and next generation development. She has a deep understanding of wealth and business ownership complexities resulting from 25 years as a strategic advisor to individuals, families, and family offices, and a lifetime as a second generation member of an entrepreneurial family.
Download video here
You can also access hundreds of in-depth articles written by our team that address the unique challenges faced by family enterprises from communication and conflict to succession and continuity. Visit our Article Library.
Family Meeting Services
Continually evaluating the family meeting and its structure, purpose and results is an important part of keeping the family engaged and excited to participate in the family business as owners and leaders. We regularly work with families to assess and improve existing family meeting structures, create new programs, and facilitate those meetings for optimal outcomes.
To learn more about how experienced facilitation can impact your next family meeting, please contact us at firstname.lastname@example.org or 773-604-5005.
Written and edited by our team of practitioners, our email newsletters feature original thinking on all of the topics that face family businesses. You'll also receive news about our upcoming events and webinars. Sign up here and stay in the know!