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Family Business Governance

“Ownership of every enterprise will eventually change. It may or may not stay in the family. It may or may not stay within a branch of the family. But it will change.” – James Olan Hutcheson

Every business is required to have some form of governance. Your challenge as a business manager or owner is to determine which form is most appropriate for your enterprise. However, establishing governance often makes some family members nervous. Will the opinions and voices of everyone be heard and respected? What are the legal and fiscal implications?

“For Many People, a Board is an Abstract Concept”

A Board of Directors, while often necessary, can be perceived as having little practical value. This is similar to exercise equipment stored in the attic. If you purchase the right equipment and use it wisely it will add tremendous value to your life. Bringing the most appropriate governance structure with the best-matched people will improve the health of your family enterprise.

Having only one decision-maker in your enterprise, especially as the family and business grow, increases the risks to both your family and your wealth. This may mean that some family members may not have direct input to all decisions. This is where Family Councils are created. Family Councils serve the needs of all owners and serve as an appropriate vehicle for influencing the enterprise.

At REGENERATION our consultants will work closely with you and your family to make sure that the most appropriate form of governance is established. A governance structure that will set your business up for long-term success and stability.

The right structures and methods of implementation will determine the success of the selected governance configuration. REGENERATION can help you determine what is most appropriate for your family business.

Strengthen Your Family Business Governance Today

    Our Recent Blog Posts on “Family Business Governance”

    June 27, 2016 in Governance

    Is A Board of Directors The Answer In Your Family Business?

    Many family business leaders never question whether to have a board of directors. If the business is set up as a corporation, most of the time it is legally required…
    Read More
    June 6, 2016 in Conflict Management, Governance, Strategy

    Top Three Challenges In A Family Business

    Ask any family business advisors to identify the top three family business challenges and odds are good the reply will come instantly: Succession, succession and succession. Next will come a…
    Read More
    December 2, 2015 in Governance, Management and Leadership

    It’s “Prime” time for corporate governance

    Jeff Bezos, founder and CEO of Amazon, has amassed an online empire that’s valued in the neighborhood of $247.6 billion. Despite his billions, Bezos doesn’t have all of the answers.…
    Read More

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    Mailing Address

    4447 N Central Expy, 110-317
    Dallas, TX 75205

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    Working From

    Telluride
    127 Double Eagle Drive
    Telluride, CO 81435

    San Diego
    6119 La Granada, Suite C
    Rancho Santa Fe, CA 92067

    Scottsdale
    34522 N Scottsdale Rd.
    Scottsdale, AZ 85266

    San Antonio
    11823 Mill Rock Road
    San Antonio, TX 78230