Course Details

Securing Legacy & Growth: Governance in Family-Owned Businesses Training Course

Family-owned businesses, a cornerstone of global economies, face unique governance challenges stemming from the interplay of family dynamics and business operations. This Governance in Family-Owned Businesses Training Course provides participants with the specialized knowledge and skills to navigate these complexities, ensuring long-term sustainability and harmonious growth. Participants will learn to establish robust governance frameworks, manage succession planning, and foster effective communication, safeguarding both family unity and business success. This program is designed to empower family businesses to thrive across generations.

This comprehensive program is tailored for family business owners, next-generation leaders, board members, advisors, and anyone seeking to understand the intricacies of governance in family-owned enterprises. Through interactive workshops, case studies, and practical exercises, attendees will develop the ability to establish family constitutions, implement effective board structures, and manage potential conflicts. The course emphasizes the importance of aligning family values with business objectives and fostering a culture of transparency and accountability.

DURATION

5 days

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the unique governance challenges faced by family-owned businesses.
• Develop and implement effective governance frameworks tailored to family dynamics.
• Establish family constitutions and shareholder agreements.
• Manage succession planning and leadership transitions.
• Implement effective board structures and advisory boards.
• Navigate potential conflicts and ensure harmonious family-business relationships.
• Enhance communication and transparency within the family and the business.
• Understand best practices for professionalizing family businesses.

COURSE MODULES

• Unique Challenges of Family Business Governance:
  • Understanding the interplay of family and business systems.
  • Exploring the challenges of succession planning and ownership transfer.
  • Addressing potential conflicts of interest and family disputes.
  • The importance of balancing family and business needs.
• Establishing Effective Governance Structures:
  • Developing family constitutions and shareholder agreements.
  • Implementing effective board structures and advisory boards.
  • Defining roles and responsibilities for family members and non-family executives.
  • Understanding the importance of formalizing processes.
• Succession Planning and Leadership Transitions:
  • Developing a comprehensive succession planning process.
  • Identifying and preparing next-generation leaders.
  • Managing the transition of leadership and ownership.
  • Addressing the emotional aspects of succession.
• Family Constitutions and Shareholder Agreements:
  • Understanding the purpose and content of family constitutions.
  • Developing clear guidelines for family involvement in the business.
  • Establishing mechanisms for conflict resolution and decision-making.
  • Understanding the importance of legal counsel.
• Managing Conflicts and Ensuring Harmony:
  • Identifying sources of conflict in family businesses.
  • Implementing conflict resolution strategies and techniques.
  • Fostering open communication and transparency.
  • Understanding the importance of family meetings.
• Board Structures and Advisory Boards:
  • Understanding the role of independent directors and advisors.
  • Establishing effective board committees.
  • Utilizing advisory boards for strategic guidance.
  • Understanding how to professionalize the board.
• Communication and Transparency:
  • Developing effective communication strategies for family members and stakeholders.
  • Promoting transparency and accountability within the business.
  • Managing family meetings and communication channels.
  • Understanding the importance of clear communication policies.
• Professionalizing the Family Business:
  • Implementing professional management practices.
  • Attracting and retaining non-family talent.
  • Developing clear performance metrics and evaluation systems.
  • Understanding how to prepare for future growth.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com