The Art and Science of Building a Board That Works for Your Family Business
58m
A well-structured board is essential for the long-term success of a family business — providing strategic oversight, balancing family interests, and supporting sustainable growth. But what makes a board truly effective in a family business context?
This session explores the art and science behind building a board that aligns with your family’s values, supports business goals, and strengthens governance. It will present data showing the value of diversity and offer inspiring insights into the types of members who can add meaningful contributions to your board.
Key Takeaways:
- Tailored Board Composition: Learn how to select the right mix of family and independent members to provide diverse perspectives while honoring family traditions.
- The Power of Diversity: Explore data on how diverse boards drive better decision-making and long-term success.
Inspirational Board Profiles: Gain insights into the kinds of members — from industry experts to next-gen leaders — who can bring fresh perspectives and add value.
- Governance Best Practices: Understand frameworks that balance professional oversight with the unique dynamics of a family-owned business.
- Defining Roles and Boundaries: Clarify the distinct responsibilities of the board, family shareholders, and executive leadership to ensure alignment and accountability.
- Continuous Improvement: Explore approaches for evaluating board performance and adapting governance structures as the business and family evolve.
Whether you’re establishing a board for the first time or refining an existing one, this session will provide practical insights to help you build a governance structure that works for both your family and your business.