Turbocharging Your Family Council
Overview
Do you have a Family Council in place but it isn’t functioning as planned? Is there a lack of family engagement? Do you just want your Council to operate more effectively? This panel discussion will cover how you can make your Family Council a positive force for good. Learn from families who were able to change the course of their Councils for the better.
Insights and Key Takeaways
In our ever-changing world, the importance of having a successful family council is more critical now than ever. Here Peter Begalla, Founder and Owner of JPB Consulting Group Inc. and Education and Conference Director at Family Business Magazine, and Dayna Manning, Family Council Chair of the Golden Rule Family, review the scope, purpose, components and hallmarks of an effective family council.
Begalla starts by defining, what is a family council? He asserts that a family council…
- Handles the “business” of the family.
- Focuses efforts for family ownership development.
- Promotes family connection and helps remind of the legacy.
- Clarifies, monitors and strengthens the family’s overall relationship with the family enterprise.
- Creates policies and governance.
- Plans and executives activities, gatherings and education.