Family Governance

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Business Strategy
Family Governance

Family Governance refers to how a family in business plans and makes decisions as the owners of one or a portfolio of businesses, other investments and charitable undertakings. We assist you to establish a framework, sometimes termed as “Family Council” (akin to a board of directors) and “Family Constitution” (akin to a shareholders agreement) to conduct regular family meetings to articulate the family values and Purpose/Objectives.

This framework particularly helps to separate out those decisions which relate to being owners and employees and draws the view of a business, by the family, back to the core values and purpose/objectives of the family.

Clear, open and ongoing communication within the formal structure of family governance rather than adhoc around the dining table at night can set ground rules for a business built to survive many generations. Of course with knowledge of this framework and its benefits, “around the kitchen table” may just suit you as a way of starting the process.

FINH assist you in this by:

Developing regular, board-like family meetings
Listen and facilitate the ability to commence and develop a framework and actions communicated with clarity within the family group.
Maintain our affiliation with Family Business Australia and at an international level, Family Office Exchange
Click here to link to a short video discussing how we feel an Advisory Board can benefit Family Governance