- You must enroll in this course to access course content.
- You must enroll in this course to access course content.
An Advanced Approach to Family Governance, Leadership and Succession
“Leading from the heart of the family,
not just the head of the table.”
Most leading families who are able to preserve their family wealth and harmony across generations have a structured approach to family governance, leadership and succession.
This course takes you through proven insights and practical lessons to help you define and implement a unique approach to these fundamental matters, addressing the core elements of family organization and leadership and incorporating both the ”hard” factors, such as formal governance structures, with ”soft” factors relating to family culture, relationships and individual family members.
Managing Generational Transitions and Leadership Succession is one of the greatest challenges that any family will face.
Based on modern family patterns, generational transitions usually take place every 30 years or so. Leadership successions can take place at any time, whether planned or unplanned. Family leaders should follow best practices to manage these changes. Best practices include planning activities before, during and after the transition or succession. The “hard” and “soft” issues should be addressed throughout the process.
Establishing a firm foundation of governance, leadership and family communications before a change initiative also improves the likelihood of success.
This Master Class will give you the insights and tools to plan and implement these two substantial change management initiatives. Learn how to gauge family member strengths, weaknesses, aspirations and expectations. Learn how to facilitate transparent communication and active listening. Explore meritocratic and rotating approaches to key role assignments.
Objectives
Most leading families who preserve their family wealth and harmony across generations have a carefully structured approach to family governance, and a well thought out approach to family leadership and succession.
This course will take you through a proven set of insights and practical lessons that can help you to define and implement your own unique approach to these fundamentally important matters.
Instructors
Sara Hamilton, Mark Daniell
- Family Definition, History, Expected Evolution and Challenges Arising To download, right-click on the link above and select “Save link as…”
- Statement of Family Purpose, Vision, Values and Guiding Principles To download, right-click on the link above and select “Save link as…”
- Typical Governance Structures To download, right-click on the link above and select “Save link as…”
- Approaches to Family Board vs Business Board To download, right-click on the link above and select “Save link as…”
- Full Family Constitution (short and long forms) To download, right-click on the link above and select “Save link as…”
- Approach to Family Member Roles, Rights and Responsibilities To download, right-click on the link above and select “Save link as…”
- Guide to the Family Council: Objectives, Council Membership Structure and
Qualifications, Meeting Schedule, Supporting Committees and Advisory Board To download, right-click on the link above and select “Save link as…” - Job Description of Chair of the Family Council To download, right-click on the link above and select “Save link as…”
- Role and Selection of Independents and External Advisors To download, right-click on the link above and select “Save link as…”
- Agenda for the Family Meeting and Family Social Schedule To download, right-click on the link above and select “Save link as…”
- Checklist of Leadership Success Factors To download, right-click on the link above and select “Save link as…”
- Diagnostic and Plans to Address Family Culture, Communications, Relationship and
Individual Issues To download, right-click on the link above and select “Save link as…” - High-level Approach to Generational Transitions and Leadership Succession To download, right-click on the link above and select “Save link as…”
- Preparing for the Unexpected: Unplanned Transitions and the ‘Fire Drill’ To download, right-click on the link above and select “Save link as…”
- Family Office Objectives, Structural Alternatives and Leadership Model To download, right-click on the link above and select “Save link as…”
- NextGen and Family Education program To download, right-click on the link above and select “Save link as…”
- Family Member Annual Performance Review and Professional Development Program To download, right-click on the link above and select “Save link as…”
- Full Document Architecture To download, right-click on the link above and select “Save link as…”
- The ‘Fire Drill’: Checklist for Unplanned Events and Unexpected Transitions To download, right-click on the link above and select “Save link as…”
Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times
Your course progress
Course Modules
