The Family Business Board

02/07/20 • 19 min

As a family business grows the need for the right forums to be in place to discuss the important strategic goals of the business is really important.

Once such forum is the Board of Directors.

In this episode of the show I discuss when you would want to introduce a board to the family business, and how.

Who sits on the board, what are their responsibilities?

How many board members should there be and how are board meetings structured.

As with any of these issues, if I can be of any assistance to you and your family in introducing these forums or governance structures, please do not hesitate to get in touch [email protected]

As a family business grows the need for the right forums to be in place to discuss the important strategic goals of the business is really important.

Once such forum is the Board of Directors.

In this episode of the show I discuss when you would want to introduce a board to the family business, and how.

Who sits on the board, what are their responsibilities?

How many board members should there be and how are board meetings structured.

As with any of these issues, if I can be of any assistance to you and your family in introducing these forums or governance structures, please do not hesitate to get in touch [email protected]

Previous Episode

What is a Family Assembly?

Continuing our look at Family Governance, in this episode I discuss the Family Assembly, or Retreat / meeting.

I cover what they are, who attends them and what subjects are covered, along with some hints and tips as to how to get your own family meetings up and running.

We also look at how they interact with the other elements of Governance that we have been discussing over recent episodes.

As ever if you need any help putting any of this in place, please get in touch [email protected]

Next Episode

Non-Executive Directors in the Family Business

The appointment of a Non-Executive Director is a key milestone in the evolution and professionalisation of a family business. They bring experience, expertise and an independent voice to your board meetings and they are there to challenge the executive directors, in a constructive way to help you push the business towards its strategic goals.

In this episode I cover who would be a good fit and who you should perhaps avoid and which characteristics and skills you would want them to bring to the party.

As with any of the topics covered on the show I am here to help. Email me at [email protected] or head over to www.familybusinesspartnership.com to find out more.