Governing Family Enterprises

Kellogg School of Management

Governance

About Programme

Explore the specialized knowledge and skills unique to governing a complex family enterprise effectively. In a collaborative, supportive environment alongside representatives of other enterprising families facing similar issues, you and your family owners, board members and executives can tackle together the complex issues of continuity and governance.

Guided by a faculty of experts in family business practice, seasoned advisors and leaders of best-in-class family enterprises, you will learn to differentiate the roles and responsibilities of owners, family members (whether involved in management or not), independent directors and executives. As you work through real-world studies with peers from other respected families, you will develop new governance and leadership mindsets and gain confidence in your ability to apply them in practice. You will also see how a common vision can unite family owners in a long-term commitment to continuity.

Groups are encouraged but NOT REQUIRED. No more than 5 participants per family enterprise are permitted to attend at one time. Requests for groups of more than five in a single session must be approved by the program’s Academic Director. Please direct your inquiry to the John L. Ward Center for Family Enterprises at [email protected] .

The Family Enterprise suite of programs is a blend of three different learning modes designed to maximize both convenience and impact:

Programme Content

The program will focus on the roles of the board chair, independent directors, family council leadership, and non-family top management. Successful and innovative models of organizational design will be shared. Governance Challenges Facing the Family Business

Develop a theory of family business governance

Explore how shareholder families evolve

Design an appropriate, optimal governance structure for your enterprise

Learn how governance structures and policies interact to elicit constructive shareholder engagement and organizational effectiveness

Acquire skills needed to lead effectively the processes of governance

Confront the contradictions and paradoxes of governance

Defining Roles and Responsibilities

Understand the roles of owners and the responsibilities of family councils, boards and executive management

Learn how best to make a team out of your Board, your family council and of other governance committees

Differentiate ruling from governing

Manage the extended family

Enhance shareholder loyalty, voice and commitment

Board Development and Evaluation

Improve board decision making

Build high-functioning board and family council teams

Maximize board and family leadership effectiveness

Learn how boards can add distinct value

Programme Audience

Family and non-family directors, CEOs, board chairs and trustees of family-controlled firms. The enterprise must be 3rd generation or beyond, with a significant number of family owners and minimum annual revenue of US$100m with a preference for $500m or above (1st and 2nd generation enterprises should check out our Forming Family Enterprise Governance program)

Family members involved in governing their family councils, family office or their family foundations

Family shareholders

Programme Benefits

Define the roles and responsibilities of owners, directors, board chairs, the executive team and the family council

Improve your board’s effectiveness

Learn about critical governance policies needed to sustain the relationship between the enterprise and the family

Learn how a common vision can unite family owners in a long-term commitment to continuity

Learn how governance can be used to gain trust among family owners, directors and top management

Leverage governance as a key competitive advantage of family business

Testimonials

"The program is very well structured and organized. It offers many new ideas about family governance structures. The quality of the faculty is excellent. It is a great opportunity to share and exchange points of view with other family companies."

Anonymous

"Your program was the most meaningful and beneficial experience I have ever had - and not just in the realm of family business, either. From the breadth and depth of the material covered, to the outstanding group of participants involved, to the structure of the program that maximized the efficiency of every second we were there, it was simply fantastic!"

Anonymous

"I want to express my strong feelings of satisfaction for the high quality of the seminar on Family Business we just attended. Even our highest expectations were exceeded."

Anonymous

Testimonial Source

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Contact us for the further details

Speak with an Advisor

Pedagogy (case method, experiential learning, coaching, simulations)
Programme Objective

Prashansa Uttam

Programme Advisor

+91 9403890085[email protected]Mon – Fri, 9am – 5pm IST

Kellogg School of Management

Executive Education Office

847.467.6018

mailto:c-bathkellogg.northwestern.edu

https://www.kellogg.northwestern.edu

Evanston, USA

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