Family Governance is a topic that most families are reluctant to address. It covers two broad topics: governance of the business and of the family. Most family businesses, especially in the formative years, take on the characteristics of the founder or founding family. Although this entrepreneurial model works for an early stage family owned business, as the company grows in size it needs gradual evolution to a different, more professional model. Boards of Advisors and professional management are two ways to improve performance of the business and family systems.
Most families find there is a need to formally discuss family issues like estate plans, family business leadership transition, and family fairness. Among the best venues to do this are Family Councils, Family Retreats, and formal Family Meetings.
BOARD OF ADVISORS
Having worked with contractors for well over 20 years, Dennis has seen plenty of successful contractors as well as others who are… less successful. What is the primary difference between the achievers versus the less successful ones? The answer may be found in one...
Wayne and his wife Lisa were cleaning up a boat together this spring, and she offered a labor-saving idea which Wayne rejected out of hand. No, this isn’t a soap opera story of a marital dispute, but it does beg the question: What does cleaning a boat on a sunny,...
"Feeling gratitude and not expressing it is like wrapping a present and not giving it." We are sincerely grateful for your partnership and humbled by the trust you've shown in us. We wish you a wonderful and safe Thanksgiving!