Our live webinars address the unique needs and timely topics facing family businesses. Taught by FBCG advisors, subjects range from Succession and Continuity to Communication and Conflict and are supported with a combination of case studies, sound research and real-word experiences. Attendees are encouraged to bring their questions to be answered during the presentation.
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Thursday, December 7, 2017
1:00 PM Eastern | 12:00 PM Central | 11:00 AM Mountain | 10:00 AM Pacific
Presented by Otis Baskin and Michael Fassler
Family leaders considering formalized governance often ask: Do we need an advisory board or a fiduciary board? What’s the difference, really? Sometimes, questions around this decision slow progress toward engaging critically important external perspective and talents. Both advisory and fiduciary boards have the potential to bring great value to the business and to ownership, albeit with slight differences.
In this session, Dr. Otis Baskin and Mike Fassler will discuss some of the distinctions between advisory and fiduciary directors, including:
How families often think about advisory vs. fiduciary boards,
How advisory and fiduciary boards are the same, and how they differ,
The ways that advisory and fiduciary boards function to enhance decision making and business performance in a family enterprise,
Ways to manage expectations around the role of the new board, and
How to find the right talent to serve as advisory or fiduciary directors.
This free, one-hour program includes time for Q&A. Can't attend live? A recording of the webinar will be available for all registrants.