Many of the most respected and best performing companies in the world are family-owned. With their long-term vision and high capacity to create employment, family businesses are a major growth driver in most national economies and make unique contributions to society in general. Despite their inherent strengths and global economic significance, family-owned companies face unique vulnerabilities. We endeavor to overcome the discord among the family members that bring down their businesses like:
- generational transitions;
- major investment decisions;
- appropriation of profits;
- leadership appointments.
We assist families, owners, and managers in navigating the challenges of leadership, succession, and governance across generations. We work closely with family members and owners to create an environment conducive for driving the best people decisions in their specific context by building an alignment amongst the family’s philosophy and approach to business and ownership.
During our advisory we address the following issues conclusively:
- Review and assessment
The first step in our work with clients is to conduct an Assessment of their family business system. Families businesses are complex, and each one is unique. Therefore, the only way that we can provide useful advice is to get a full understanding of the specific strengths and challenges that family business faces. Even if you believe that you have a strong handle on the priorities, we believe that the Assessment process establishes the essential foundation for change because it:
- Brings the family owners to the table to address the key issues they face
- Creates a shared perspective about the strengths and challenges of the family business system
- Defines a common language for talking about family business issues and solutions
- Provides owners with an understanding of how their family business compares to global best practices
- Identifies the next steps family business owners should take in order to continue on a successful trajectory
- Business and Family Governance Consulting
As your advisors we bring global knowledge and experience to help you craft the appropriate governance frameworks and define the limit of these bodies. Based on a clear assessment of the strategy and the ownership structure, we proactively assist our clients in the competency-based selection of independent directors and advisors to bring these governance mechanisms to life.
- Founder and Next Generation Transitions
Founder transition is an emotional and challenging issue that faces every family business at some time. Each generational transition is an opportunity to reflect on the future strategy and the ownership and management structure. Preparing for this transition in advance is critical to the continued success of the business. We assist family companies in planning for transition by obtaining an accurate picture of existing family talents and their motivations, benchmarking them against the best available internal and external resources (especially in the critical phase of founder transition), and analyzing their potential, using a unique methodology, in the context of the future strategy of the business and the vision of the family.
- Family and Non-Family Business Succession
Succession is one of the biggest inflection points in a family business. Getting it right is critical. Therefore, succession needs to be planned well in advance and the process needs to be executed thoroughly. We work with the key stakeholders to prepare a succession process that encompasses both internal and external candidates, building alignment across generations and ensuring that the role and responsibilities are clearly articulated and understood. In all these decisions it is important that there is a good fit between family values and culture and the individual’s value systems.
- Assured Results
We pride ourselves on the fact that most of our client relationships are long-term. We earn your loyalty by being energetically responsive to your needs and tenaciously committed to the legacy and ongoing success of your family business. We perceive ourselves as an equal, global partner. Our values and philosophy are very similar to family firms and we are uniquely qualified to understand the dynamics and challenges in particular in respect to governance and succession issues of family business environments