The relationship between family governance and business governance can get complicated in family businesses. The family businesses that operate at an optimal level are typically the most cohesive, enjoy a high degree of trust between members, and are not afraid to tell the truth to one another. How can you build these systems into your business?

In this course, you will be introduced to ways to optimize your family business governance. You will analyze your family's mechanisms for holding people accountable, addressing risk, and setting expectations. As you explore boundary setting, you will assess your business's process for addressing risk and boundary management. You will also design an action plan to address misalignment among family values, goals, levels of maturity, and business practices. Finally, you will identify where your board of directors, or another leadership group, could be more effective then create an action plan to move it closer to its ideal state of functioning. By the end of the course, you will have experience with a variety of strategies that will enable you to better support healthy interaction between the family and the business, ultimately setting the business up for success for generations to come.

 

How It Works

Course Length
2 weeks

Effort
3 to 5 hours of study per week

Format
100% online, instructor-led
  • Family members employed in running a family-owned business
  • Non-family employees involved in running a family business (key leaders, management)
  • Individuals interested in broad-based family business dynamics
  • Consultants
  • Lawyers
  • Accountants
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