Despite 81% of EAC family-owned businesses aiming to establish a lasting legacy, less than 12% have created formal succession plans or developed effective multi-generational family governance structures. Family Essentials and Principles provide strategies to address this issue, such as enhancing communication, aligning business values, understanding historical business stories, and developing a future plan.

The program provides classroom and experiential learning activities to equip participants with the necessary skills to navigate family cultural dynamics and prepare them for critical succession planning conversations.

Engage with our international and local experts, led by Dr. Jean Meeks-Koch, PhD, FFI Fellow, ACFBA with 24+ years of experience in the family-owned and tightly held business discipline.

Key Learning Outcomes:

• Create a family business philosophy that aligns with the family’s core values and fosters a strong foundation of trust.
• Identify the differences between non-family and family-owned businesses that create unusual challenges not experienced in a non-family business.
• Acquire tools to successfully navigate challenging family cultural dynamics, manage conflicts and differences and communicate effectively with family members.
• Learn how clear organizational principles can increase your business’s value.
• Define what governance framework will best support your family and business goals.
• Explore the four key questions critical to overcoming resistance and creating a positive succession planning process.
• Develop a clear contingency plan for business continuity that can be communicated to family members.
• Enhance skills in managing the financial rewards and risks associated with growing a sustainable family business.