FAMILY BUSINESS GOVERNANCE
We help preserve the family harmony and strategic company success by matching the interests of family members with the long-term interests of the company. When a company is owned among friends, we help protect the friendship by implementing the checkpoints that will help grow the company without compromising the relationship between partners.
A family business has great advantages in terms of dedication, drive, energy and knowledge usually invested in the organization. Years of hard work however can be easily jeopardized when the transfer to the next generation happens or when non-family employees are not recognized as important stakeholders. There are obvious as well as hidden dangers that need to be addressed in a structured well-thought-out manner in order to prevent disputes, loss of reputation and financial loss. To avoid a similar pitfall, a family constitution can be prepared, thus ensuring sustainable business and family relationships.
Similarly, companies founded by friends can be hindered by diverging interpretation of roles, non-transparent expectations, differences in activity and similar. We help protect the company and the friendship either in the very beginning (by addressing the expectations in advance with a suitable shareholders agreement) or in the following stages when mitigation and reorganisation processes may need to be implemented.