Many families leading thriving businesses at some point wonder about whether a Board of Directors would be valuable for their growth or a waste of time and energy.  A business leader may want strong systems of accountability in place before the next generation of leadership takes the helm. Siblings may find kitchen table-style discussions are no longer working. Or an ownership group or management team may see a need for new vision, strategy and ideas to take the business to the next level.

In this webinar, our panel will share their experiences with businesses contemplating creating a board, speak to the most common reasons and benefits behind the decision, and provide guidance on laying the groundwork for success.

Who should attend:

  • Family and Non-Family leaders in businesses that do not yet have a functioning Board of Directors or are just beginning the process of forming a Board,
  • Next generation successors who are curious about how a Board might help them succeed,
  • Advisors (attorneys, estate planners, financial advisors, etc.) that work with businesses that do not yet have governance systems in place,
  • Potential or current independent directors to family Boards who want to learn more about the unique benefits and challenges of Directors in family enterprises.

What will you learn?

A Board of Directors can be a meaningful asset for your business – if the business is ready. In this session, our panel will share case studies and perspective from their experiences with family businesses to demonstrate:

  • The research-validated benefits of effective Boards on company success and longevity,
  • Specific benefits of Boards in succession planning and times of leadership transition,
  • How to determine the right time for your business to create a Board of Directors,
  • The critical to-dos before beginning a Board process, and
  • Common reasons that businesses avoid a Board, and how to work through them.

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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.

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