Books2020-06-25T07:14:29-06:00

Latest Family Business Articles

Family Business Articles

Read the latest family business articles from David Bork and the entire Family Business Matters team addressing Family Business Constitutions, Corporate Governance in Family Business, properly constructed Family Business Advisory Boards and more.

Part One: Family Business Employment Policy: Philosophy

The process of building this policy required a great deal of discussion among the Wilson family. They needed to articulate who they were and what they stood for, and then they had to craft a statement that would work for them.

By |May 1st, 2018|

Family Constitutions and Other Related Matters

Family constitutions are a form of governance that sets up structure to regulate the manner in which family business matters are handled. A family constitution has the effect of helping a family run an efficient, effective, customer-focused and community-focused business. This type of focus ups the ante on the quality of behavior inside a family enterprise.

By |May 17th, 2015|

Corporate Governance in Family Business

Corporate governance in family business is essential for long-term success. Family businesses that have survived over the generations have an internal governance structure that parallels the structures found in leading businesses around the world. Such structures provide an internal discipline on how family and non-family members will function within the business.

By |May 17th, 2015|

Rules of Engagement

A policy for how family members will be permitted to participate in the family business can be referred to as Rules of Engagement. Family business rules are often manifested in the form of a Family Business Employment Policy. Family members working in the family business must show up, produce and perform to the same standards as non-family employees.

By |May 17th, 2015|

Transfer of Control in Family Business

All owners of a family business eventually must consider a family business transfer from one generation to another. For a smooth transfer, families are encouraged to make a fully documented, comprehensive plan for all the things that must happen in the business and in their families so that transfer of control can occur in a timely manner.

By |May 17th, 2015|

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.