Corporate Governance in Family Business

"Usually, family businesses have two problems: family and business"
Sandy Fleming, Family Business Consultant

As the famous family entrepreneur Alan Crosby said:

Running a family business is like flying on an airplane. The danger is not so high during the third hour of a transatlantic flight, but the plane is much more vulnerable during takeoff and landing. The moment of inheritance is very similar to landing and re-takeoff. It poses a greater threat than any other period in the company's history.

That is why high-quality institutions of family business management, family constitution, succession plan, establishment of a family council are so important and useful for any family business. Good corporate governance is a high-quality airfield that can take off family businesses over and over again.

What we do:

01

Conduct a comprehensive evaluation of the family business management system.

Hold special sessions, moderate family meetings and family council meetings.

05

Develop a draft Family Constitution, regulations and policies for family business governing bodies.

04

Develop an organizational structure, including family foundations and family office.

03

Cooperate with the family to define basic principles of interaction on family business issues.

02