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The Family Council HandbookFamily Organization and Governance for Sustaining the Family Business: A Field Manual

The Family Council Handbook: Family Organization and Governance for Sustaining the Family... [“It was decided that a family council will be established for the purpose of conducting regular family business meetings. The family council will involve all family members above the age of 15. The purpose of family council meetings will be to educate and facilitate communication between family members and to provide a forum for constructive discussion, problem solving and decisions about the family as it relates to Sullivan Industrial Products as well as the business as it relates to the family. The forum is being established now as it will be vital to our preparation and implementation of the handoff of the business from the brothers’ generation to their children, the cousins. We will refer to these meetings as the Sullivan Family Council, and it will meet quarterly; each meeting will begin promptly at 2:00 p.m. on the third Thursday of the month that begins a new quarter. The meetings will end promptly at 5:00 p.m., unless it is agreed to extend them to finish discussing an agenda item. Each meeting will be followed by dinner or some other family event that will allow us to have fun together. The family council and dinner host duties will rotate among adult members, as will the various jobs/roles needed to run the meetings efficiently and effectively. The family council will follow an agenda, to which each family member may contribute in advance; a final version of this agenda will be distributed to each participant at least one week prior to the meeting.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Family Council HandbookFamily Organization and Governance for Sustaining the Family Business: A Field Manual

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References (1)

Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2012
ISBN
978-0-230-11219-3
Pages
1 –7
DOI
10.1007/978-1-137-00052-1_1
Publisher site
See Chapter on Publisher Site

Abstract

[“It was decided that a family council will be established for the purpose of conducting regular family business meetings. The family council will involve all family members above the age of 15. The purpose of family council meetings will be to educate and facilitate communication between family members and to provide a forum for constructive discussion, problem solving and decisions about the family as it relates to Sullivan Industrial Products as well as the business as it relates to the family. The forum is being established now as it will be vital to our preparation and implementation of the handoff of the business from the brothers’ generation to their children, the cousins. We will refer to these meetings as the Sullivan Family Council, and it will meet quarterly; each meeting will begin promptly at 2:00 p.m. on the third Thursday of the month that begins a new quarter. The meetings will end promptly at 5:00 p.m., unless it is agreed to extend them to finish discussing an agenda item. Each meeting will be followed by dinner or some other family event that will allow us to have fun together. The family council and dinner host duties will rotate among adult members, as will the various jobs/roles needed to run the meetings efficiently and effectively. The family council will follow an agenda, to which each family member may contribute in advance; a final version of this agenda will be distributed to each participant at least one week prior to the meeting.]

Published: Feb 2, 2017

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