The most successful family businesses that lasted for generations have the right family governance system and a solid family constitution. To help you with this, the Center for Global Best Practices (CGBP) is holding a special seminar, titled “Best Practices in Family Business Governance and Crafting of Family Constitution,” scheduled on April 30 at the Edsa Shangri-La Hotel, Mandaluyong City.
To run the family business successfully, it is important to first manage all family business stakeholders effectively. Having the right family governance framework is the answer. It’s been proven worldwide that those family-owned companies who have instituted the right family governance system are stronger and more united as a family in business, better at resolving conflicts, more competitive compared to others, are able to rapidly grow their businesses, have faster and better quality of decisions and more effective with their board and stakeholders.
Resolving conflicts and uniting family members are common major issues. The most effective solution to this is having a family constitution. When crafted properly, it’s a powerful tool to resolve all issues among family-business members. It is the bible that everyone needs to refer to when making decisions. Make sure your family has one. It should be the first one that every family business should put in place when starting an enterprise. Embodied in this document should include what are important for everyone, such as values that the family and business must uphold, the roles and responsibilities of owners, directors and stakeholders, and the rules that all must follow. In this program, we will teach you all of these, including how to create family councils, address family assemblies and meetings and resolve business issues among family members effectively.
Those who have built family-business empires, such as the Ford, Rockefellers, Walton of Walmart, the Ayalas, Aboitiz family and many others, have it. Whether you are the founder, business owner, director, family-business member, executive or nonexecutive next-generation shareholder, or nonmanagement extended relative stakeholder, this special seminar workshop will surely set you on the right course toward a long-lasting business and a harmonious relationship among stakeholders. This is highly recommended for all members of the family.
This one-day special program will feature lawyer Jim V. Lopez, a three-time National Book awardee who authored seven books, including Asset Protection Law and the new book on Secrets of Family Business Law Declassified, which he will share some of its content in this seminar. He specializes in helping family-business owners in their legal issues and have differentiated himself in crafting family constitutions incorporating the use of the law in creating binding agreements in all areas of family businesses. Another lecturer is Jacob Cabochan, who was the director of the Family Business Development Center of the John Gokongwei School of Management of the Ateneo de Manila University (2012 to 2013). He specializes in facilitating family businesses in crafting their family constitution and regularly gives talks on family enterprise management, family constitution and professionalizing the family business. He will share his extensive research, knowledge, expertise, experiences and lessons learned being a family-business owner himself and a shareholder of other family businesses.
For details and a complete list of Best Practices seminars, including Contract Law for Non-lawyers, Best Practices in Performance-based Compensation, Best Practices on How to Structure Your Salaries, Wages and Benefits to Save on Taxes, How to Set Up an Internal Audit System, How To Eject Squatters Effectively, Business Guide to Partnership Contracts and many more, you may log on to www.cgbp.org. Attendees 21 years old and below will get additional 20-percent discount on top of other offered discounts. This is a limited-seats-only event and pre-registration is required.