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Governing Family Enterprises - ONLINE

  • Free

  • online
  • Online |
  • Feb, 7th 2022 - Mar, 17th 2022
    • Certificate

    Explore the specialized knowledge and skills unique to family business management and governing a complex family enterprise effectively. In a collaborative, supportive environment alongside representatives of other enterprising families facing similar issues, you and your family and board members can tackle together the complex issues of continuity and governance.

    Guided by a faculty of experts in family business practice, seasoned advisors and directors of best-in-class family enterprises, you will learn to differentiate the roles and responsibilities of owners, family members (whether involved in management or not), independent directors and executives.

    As you work through real-world studies with peers from other respected families, you will develop new governance and leadership mindsets and gain confidence in your ability to apply them in practice. You will also see how a common vision can unite family owners in a long-term commitment to continuity.

    Program Benefits

    • Define the roles and responsibilities of owners, directors, board chairs, the executive team and the family council 
    • Improve your boards effectiveness 
    • Learn about critical governance policies needed to sustain the relationship between the enterprise and the family
    • Learn how a common vision can unite family owners in a long-term commitment to continuity 
    • Learn how governance can be used to gain trust among family owners, directors and top management
    • Leverage governance as a key competitive advantage of family business

    Who Should Attend

    • Family and non-family directors, CEOs, board chairs, and trustees of family-controlled firms 
    • Family members involved in governing their family councils, family office or their family foundations
    • Family shareholders

    Faculty

    LEIGH THOMPSON
    Academic Director; J. Jay Gerber Professor of Dispute Resolution & Organizations; Professor of Management & Organizations; Director of Kellogg Team and Group Research Center
    Victoria Medvec
    Adeline Barry Davee Professor of Management & Organizations; Executive Director of the Center for Executive Women
    Ivan Lansberg
    Academic Director; Adjunct Professor of Family Enterprise; Academic Director of the Center for Family Enterprises

    *Program faculty is subject to change

    Curriculum

    Governance Challenges Facing the Family Business

    • Develop a theory of family business governance
    • Explore how shareholder families evolve
    • Design an appropriate, optimal governance structure for your enterprise
    • Learn how governance structures and policies interact to elicit constructive shareholder engagement and organizational effectiveness
    • Acquire skills needed to lead effectively the processes of governance
    • Confront the contradictions and paradoxes of governance

    Defining Roles and Responsibilities

    • Understand the roles of owners and the responsibilities of family councils, boards and executive management
    • Learn how best to make a team out of your Board, your family council and of other governance committees
    • Differentiate ruling from governing
    • Manage the extended family
    • Enhance shareholder loyalty, voice and commitment
    • Board Development and Evaluation

    Improve board decision making

    • Build high-functioning board and family council teams
    • Maximize board and family leadership effectiveness
    • Learn how boards can add distinct value

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