The Family Council Handbook: How to Create, Run, and Maintain a Successful Family Business Council

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Overview

A Family Council oversees a family on everything from educating the family for their future responsibilities as owners, to settling disputes within the family. With this in mind, this practical manual will guide business families on how to manage how their family governs itself and relates to their business.

Product Details

ISBN-13:	9780230112193
Publisher:	Palgrave Macmillan US
Publication date:	07/16/2012
Series:	A Family Business Publication
Edition description:	2012
Pages:	371
Sales rank:	498,132
Product dimensions:	6.00(w) x 9.30(h) x 1.10(d)

About the Author

CHRIS ECKRICH, PHD Principal of The Family Business Consulting Group, Inc. and specializes in building leadership excellence and maintaining family unity in family owned businesses. He is also Adjunct Professor at The University of Notre Dame, France.
STEPHEN L. MCCLURE Principalat the Family Business Consulting Group, Inc. and specializes in family communications and decision making, succession planning and implementation, and governance & management in family firms.

Table of Contents

List of Figures xi

Preface xv

Acknowledgments xvii

1 Family Organization and Governance for Sustaining the Family Business: A Field Manual 1

2 Reasons for Starting or Resisting a Family Council 9

3 Stages of Family Businesses and Types of Family Councils 19

4 How to Start and Organize a Family Council 37

5 Running the Family Council 77

6 Committees of the Family Council 127

7 The Family Assembly and the Family Association 151

8 Special Family Governance Structures: Owners Councils and Executive Committees 207

9 Family Leadership 219

10 Using a Professional Facilitator 245

11 Transitions in the Family Council 261

12 Connecting the Family Council with the Board and the Business 277

13 Family Communications 303

14 The Journey Forward 319

Appendix 1 Definitions 323

Appendix 2 Family Council Charter Example 329

Appendix 3 Family Council Assessment Form 333

Appendix 4 Decision Making on Family Business Matters 339

Appendix 5 Examples of Shared Expectations 347

Appendix 6 Family Advisor Candidate Rating Form 349

Notes 353

Index 357