What we do Policy Development
Today’s policies solve
Developing policies before they’re needed lets families proactively address sensitive issues before they become real conflicts between family members. Effective policies aren’t created from templates. They come from candid conversations about future challenges and represent agreements that the entire family will live by.
We guide you through the process that will determine what policies you need at this stage of your business and how to create them. We help you understand the rationales for different policies and look at the potential issues they raise. And we offer thoughts about their implementation, as well as guidelines for how often policies need to be revisited and revised.
When it comes to adopting a policy, no one size fits all.We help you define a process to create and implement policies that align the family through shared dialogue. The family can confidently take action with clear guidance on applying the family’s values to business decisions.
Define the criteria for family employment and participation in family meetings, family councils, board meetings and more. Allow for graceful exits as appropriate.
Establish a compensation policy identifying the basis for pay, perks and promotions, as well as the consequences of non-performance.
Clarify the appropriate voice and decision making process for family members as management, owners, directors and family members. Give everyone a voice and allow for well-informed and efficient decisions.
Create a “sibling code of conduct” – a jointly crafted policy on commitment, values, expectations and communication.
How will family members be kept informed? What do owners have a right to know, and what matters must be kept confidential? How can family concerns be voiced?
Create policies and processes that ensure successors must earn the right to be the business leader.