Family Businesses: Managing Conflicts and Planning for Succession

One of the most difficult issues facing family businesses in Asia and around the world is succession planning. A suitable process for addressing succession planning is critical for family businesses that want to continue to thrive for generations to come. Conflict in a family firm is inevitable and it can’t be avoided but it can be managed. Conflict is often emotional in nature and cannot be avoided by a purely structural approach. This course describes a step by step process that business owning families can follow to improve trust & communication, strengthen their governance, address succession, and create options for managing family firm conflicts.

Detailed Information

Highlights of the course include:

  • How are family businesses different?
  • The three-circle model of family businesses
  • Other tools & models for family businesses
  • Assessing the family system
  • Building the foundation of family governance
  • The family meeting & family council & family elders
  • Family policies and family constitutions
  • The importance of having an exit mechanism
  • The corporate board as a balancing point
  • The process for successor selection
  • Improving communication
  • Improving trust & dealing with break downs in trust
  • Conflict in family firms
  • Case studies & discussion

Registration Conditions

To view our registration conditions click here.