Governance Structures for Continuity
Core Curricula

Family businesses at any stage of their development can benefit from establishing clear, well-functioning governance structures. But complex family enterprises – such as sibling partnerships and cousin consortiums – almost always require governance structures in order to succeed. This program focuses on three different types of governance structures:

1) The strategically oriented Board of Directors for the business;

2) The Shareholders Assembly, in which owners can discuss ownership issues such as major borrowing by the company, liquidity and dividends; and, 

3) The Family Council, a forum for family members to discuss family issues that have a bearing on the business.

The seminar or program can include:

	An overview of governance structures and the proper role of each
	A Family Council design exercise
	A Shareholders’ Assembly design exercise
	A Board of Directors design exercise
	A discussion of how governance structures can work together for the benefit of business and family