Episode 15: Greg Lewis with David Wells on “Family Governance – What it is and Why it is important for a family business to have a governance model”.

No matter what the size of a family enterprise, the unique – and often volatile – mix of personal family relationships, business strategy and ownership criteria can create an emotionally charged environment that makes decision-making, not to mention day-to-day management…… 

Challenging.  And as the founding generation ages, succession and power issues across an expanding family can create cascading concerns. 

In a study by pwc Global, 71% of family enterprises have NOT adopted any procedures for resolving conflict between family members. 

In today’s episode, David will tell us:  

• What is the Difference in a Family Council and a Board? 

• What are the Benefits of having Structured Governance no matter what size Family Business you have? 

• How does having Family Council Meeting help in Estate and Succession Planning for the Family Business? 

• What would be the First Steps a Family Business Leader might take to set up a Family Council for your Business? 

As a special gift for joining us for the Family Business Today podcast, we would like to send you a FREE COPY of Family Council – What it is and Why You Must have One. You will learn: 

• The Purpose of a Family Council 

• The Difference between Family Meetings and Family Councils 

• The Responsibilities of a Family Council 

• How Do We Start a Family Council? and more…. 

Send us an email today to [email protected] and simply say “Governance”. 

 Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/