Best practices in family business governance

MANILA, Philippines - The most successful family businesses that lasted for generations have the right family governance system and a solid family constitution. 

To run the family business successfully, it is important to first manage all family business stakeholders effectively.  Having the right family governance framework is the answer. 

It’s been proven worldwide that those family owned companies who have instituted the right family governance system are stronger and more united as a family in business, better at resolving conflicts, more competitive compared to others, are able to rapidly grow their businesses, have faster and better quality of decisions and more effective with their board and stakeholders.

The Center for Global Best Practices (www.cgbp.org) is holding a special one-and-a-half day seminar entitled “Best Practices In Family Business Governance & Crafting Family Constitutions” scheduled on Friday and Saturday, April 26 & 27, 2013 at the Peninsula Hotel, Makati City.  For more details, visit www.cgbp.org. You may also contact CGBP at (02) 556-8968 /69 (Manila); (032) 512-3106 /07 (Cebu) and (074) 423-5148 (Baguio) or email program leader Zennie Escudero at [email protected].

Resolving conflicts and uniting family members is commonly a major issue.  The most effective solution to this is having a family constitution. 

When crafted properly, it’s a powerful tool to resolve all issues among family business members.  It is the bible that everyone needs to refer to when making decisions. 

Make sure your family has one.  It should be the first one that every family business should put in place when starting an enterprise.  Embodied in this document should include what are important for everyone such as values that the family and business must uphold, the roles and responsibilities of owners, directors, and stakeholders and the rules that all must follow. 

In this program, we will teach you all of these including how to create family councils, address family assemblies and meetings, and resolve business issues among family members effectively.

Those who have built family business empires such as the Fords, Rockefellers, Waltons of Walmart, and many others have it. 

Whether you are the founder, business owner, director, family business member, executive or non-executive next generation shareholder, or non-management extended relative stakeholder, this special seminar workshop will surely set you on the right course towards a long-lasting business and a harmonious relationship among stakeholders.

This best practices educational program is highly recommended for all members of the family. Interested participants are encouraged to avail of the early bird and group discounts. This is a limited-seats-only event and pre-registration is required.