The Non-Executive Director

Non-Executive Director

What to look for in a Non-Executive Director We are going to continue our look at governance in this post and in particular we are going to be looking at the role that a Non-Executive Director can play in your family business. We have covered quite a lot so far in this series on both ‘Family […]

The Family Business Board

Family Business Board

How to introduce a Family Business Board We are going to be looking at The Family Business Board in this post and covering when you might need one, what their role is and who sits on it. As a business grows and family involvement grows you can argue that the need for governance increases. With […]

What is a Family Council?

Family Council

A Family Council is a forum that you can use to manage the family affairs relating to the family business. In essence, it is a communication bridge between the family and the board. Ideally it is made up of a representative cross section, drawn from different generations, backgrounds and experience. It needs to be of […]

What is a Family Charter?

Family Charter

What is a Family Charter? The Family Charter is the cornerstone or foundation document of a family governance system. It is the bedrock on which everything else is built. It is also known as a Family Constitution or agreement and is the main document you would use to outline your families values and vision. If you have […]

What is Governance?

We often hear that ‘Governance is the answer’, but have you ever wondered ‘What is Governance?’ Well, if only there was universally accepted definition, it would make life easier. The truth of it is that depending on who you are talking to, governance will mean something different to them too. For example, the governance a […]

Succession Planning: How to start

Succession Planning

In our last blog we looked at when to start your succession planning and the overwhelming conclusion (that we made) was that now was a pretty good time. There will be challenges, but the sooner you face them the sooner you will overcome them. “That’s all very well” I hear you proclaim, “but it’s no […]

FBC awarded Preferred Partner Status

The Family Business Consultancy has been awarded the Preferred Partner Status from the Institute for Family Business The Institute for Family Business (the IFB) recognise the important role that advisers play in providing support to family businesses. This support is invaluable in helping family businesses to prepare for the future whilst addressing the challenges of […]

Succession Planning: When to start

We are often asked ‘When is the best time to start succession planning?’ and typically our answer is ‘a long time ago’! More often than not the issue of succession planning is ignored and then only dealt with at a pain point such as the sudden death or a diagnosis of poor health of the […]

Succession Planning: Why is it so complex?

Succession Planning

Succession Planning is one of the biggest challenges facing Family Businesses worldwide today. Over the past 40 years or so there have been some significant advances in how advice is given to families in business, and yet we still see statistics and studies that show that, in general, succession planning or business continuity planning is […]