In this, the second of four seminars that aim to provide family businesses with a roadmap to success, we will start by continuing on from the first session in looking at what you must consider now in order to prepare your business for sale in the short-term or long-term.
We will then move on to look at best practices surrounding governance and how it can be used to sustain business continuity, family unity and commitment. Effective governance can inject a sense of direction into your family business and ensure that everyone involved is on the same page when it comes to long-term and day-to-day decisions.
We will be providing all attendees with a governance ‘checklist’ to help them identify key areas for improvement and better plan for the future.
Key discussion points will include:
- Structures of family governance and corporate governance
- How to set key roles and responsibilities within the family business
- How to develop effective boards of directors and the potential benefits of creating more informal advisory boards and forums
- The importance of setting policies and plans for the family's involvement with the business
- The role and content of a shareholders agreement, service contract and family charter
- How to use commercial advisors effectively
- The importance of having arrangements in place in the event of death or loss of capacity
About the Series
The Kuits Family Business team knows that no two family businesses are the same. We understand the pressures that family-owned businesses face, but also the freedom that running such a business gives.
This series of seminars will equip you with the knowledge and support you need to successfully implement practices that will drive high performance and healthy family relationships, and safeguard your family business for the future.