This process implies knowing and understanding the roles and responsibilities that each member plays in the family’s corporate governance. Some of these structures include Family Council, Family Assembly and Family Office.
The need and use of a Family Council depends on the family’s size and degree of complexity. This organization aims at strengthening family values and serving as a sounding board for issues related to the family and its heritage. The Family Council has oversight on the board composition and size, its operations, as well as the topics it addresses.
This structure is responsible for gathering all family members regardless if they hold a role in the company or if they are shareholders. It decides on the organization of activities, the information flow, as well as the duration of the meetings.
Families enterprises must oversee the individual and shared heritage in a way that that facilities the development of proper management tools, as well as the decision-making process that ensures profitability. Establishing its own Family Office or an Advisory Service Office implies short- and long-term decisions. Familias Empresarias Management Consulting provides dedicated assistance and advisory in the search and selection of a Family or Multi-family Office.
Eng
Esp