Developing an appropriate framework for the governance of the family firm is essential, from managing the family, the family involvement with the business, meeting the needs of working family members and non-family directors and employees and helping to develop responsible shareholders too.
A lot of multi-generational family businesses struggle to get buy-in from everyone. A family constitution can help secure, and maintain, commitment towards a unified goal....
As the complexity of family and business relationships increase, families can turn to a formal “family constitution” to create a healthy communication and decision-making environment....
Andrew Drake suggests ten simple questions to consider before employing family members. All too often family firms have been found wanting when it comes to...
The 2014 Survey of Corporate Governance Practices in European Family Businesses provides a snapshot view of some of the largest family businesses in France, Germany,...
Family companies may have a conservative heritage, but new research suggests they can teach us a lot about innovation. Family firms are generally characterised by...
Advisers can help clients better secure their family business by asking them to address four key areas: legal structure, governance structure, policies and processes. Many...
A family constitution is a confidential family document outlining their vision and agreement on ownership and management of the business. So how do you create...
