We provide a wide variety of services to family businesses, including:
Relationships
- Resolve conflicts between generations and branches of the family
- Resolve conflicts within generations of the family
- Develop a Code of Communication
- Develop policy of who can and cannot work in the business, and under what circumstances, often called Family Member Involvement or Participation Policy
- Help navigate through crisis management, not just at the business level, but very often at the relationship level
Governance
- Assist in development of Mission/Vision/Values Statement
- Develop Board of Directors guidelines, including whether outside board members permitted
- Develop a Conflict of Interest policy
- Define roles of family member shareholders, family council, individual company boards (if a group), and other governance entities
- Develop policy regarding involvement and participation of non-family member executives
Strategic Planning
- Conduct strategic planning and “family meeting” retreats
- Facilitate development and implementation of the strategic plan
- Develop goals and strategic initiatives consistent with Mission/Vision/Values of family
- Ensure system in place for assigning responsibility and monitoring progress toward goals
- Develop advisory board, if necessary and desired, distinct and separate from Board of Directors
- Scenario planning
- Review and assess all growth and exit options
Succession Planning
- Develop a formal Succession Plan
- Ensure appropriate Buy-Sell Agreements are in place
- Coach, train and mentor successor generation family members
- Formulate leadership development and training program
- Develop a leadership succession plan that is fair and sensible
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