Family Business

Governance

Family businesses are not just any other type of business, but they are special types of business due to the familial relationship of the business partners. There governance structure should therefore be tailor made to manage the dual aspect of the relationship. We advice on formation of special entity family businesses where we tailor draft the articles of association and shareholders ‘agreement to cover the special relationship. We draft bespoke family governance policies after getting the views of the family. These include family constitution to secure the family vision and values, family mediation policies to provide for structured dispute resolution, family employment policies, family redemption policies to govern exits from the business with clarity and for seamless transitions, family dividend policies to govern how the family members earn from the business. We also help set up an executive board of the family to provide liaison with the business. We help registered holding companies for families with diverse interests.

Having structured the family governance, then we help structure the corporate governance of the business to provide for professional management, reduction of conflicts of interest and other good governance structures.

Are you a family business? You can access our family business assessment checklist here.