A Family Culture and Governance Strategy is a process that documents how the family would like to make decisions, solve problems, resolve conflicts and govern their organization. It is a process designed to open up the lines of communication and offer the family the opportunity for a sincere and robust conversation regarding their relationships as owners and managers and family members.
Developing a Culture and Governance strategy/philosophy and plan will involve discussions regarding a number of different aspects of your life – both professional and personal. An effective strategy will take into consideration the needs of your family and the needs of your business. You may be surprised to find that some of the questions pertain to your level of interest and involvement in the business in the future. This is because we believe it is important to understand your personal vision for the future and how you see this vision integrating with leading a family business.