- November 17, 2016
- 2:56 pm
- Andrew Keyt
- no comments
Governance Institute
This February, the Family Business Center will launch a one of a kind program to prepare family business owners to serve on the boards of their family businesses.
An intimate co-hort of like minded family business owners will learn how to become effective directors and strengthen their family and business. Through case studies, board simulations, and interactive dialogue, participants will learn how a Board effectively engages with management in overseeing corporate strategy, aligns business and family strategy, and provides accountability to management.
Curriculum Highlights
History and purpose of Governance
- Foundations of Corporate Governance
Board Structure
- Committee Structure
- Role of the Chair
- Officers
Legal Issues
- Responsibilities
- Duty of Care
- Duty of Loyalty
- Budgeting
- Risk Management
- Business Risk
- Family Risk
- Board Liability issues
- Elections
Collaborating with Ownership
- Understanding the role of family governance
- Responsibilities to owners (communication and interaction)
- Role of Trusts in ownership structure
Financial Issues
- Capital Allocation
- Cap Ex
- Audit & Financial Controls
- Budgeting processes
- Dividends and Payout
- Growth
- Capital structure
Strategy
- Business Strategy
- Holding company strategy
- Unit Level Strategy
- Porter
- Boxes
- Boyd
- SII
- Family Strategy
- Board retreats
Human Capital Issues
- Evaluating management
- Evaluating family members
- Developing a leadership pipeline
- Compensation and incentives
- Board composition and skill sets needed
Communication/Group process
- Human Bias’s
- Asking effective questions
- Giving & receiving feedback
- Communication to stakeholders (family, employees, independents)
- Constructive Conflict
- Managing in a Crisis
Board Processes
- Meeting Management
- Agenda
- Taking minutes
- Executive Session
- Board Books – use of technology
- Recruiting Directors
- Board Orientation
- Board Evaluations
Succession
- Managing Transitions
- Board observer programs
- Successor development