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010-064 - Family Charter/Constitution

This paper analyses the key family business issues. These include: management ownership succession planning conflict between family and business values training of family and non family members reservations in relation to the need for change need for professional management lack of appreci ...Read more
$11.00


  • Description
  • Specifications

This paper analyses the key family business issues. These include:

  • management
  • ownership
  • succession planning
  • conflict between family and business values
  • training of family and non family members
  • reservations in relation to the need for change
  • need for professional management
  • lack of appreciation of the business by family members
  • funding of growth
  • funding of current owner/chief executive officer's retirement

The paper examines, over six pages, the key issues relative to the formation of a family charter/constitution so as to cover the relationship between the family and the business. Key headings are:

  • Key Family Business Issues
  • What Is The Business Dream?
  • What Are The Objectives Of The Business?
  • Structuring The Objectives
  • What Can Go Wrong?
  • Exit Arrangements
  • Regular Meetings/Retreats
  • Family Relationships
  • Family Charter/Constitution - this includes some items which could be included in the constitution.
  • Checklist For A Family Constitution