GFB - Governance for Family Businesses (NEW)

Course Description The governance of a family business can be more complicated than that for non-family owned companies because of the influence of the family in the many different parts of the company, including the board of directors and decision-making by the board.

This course examines the range of governance challenges of family owned businesses: board and committee composition, boardroom dynamics; legacy planning and generation transition; fundraising; and business strategies. It will present best practices for family-owned businesses and their boards, with examples drawn from real life case studies.
Course Objectives
  1. Discuss the unique roles and responsibilities of a family business board.
  2. Outline the principles behind an effective board composition and board committees.
  3. Explain key risk management and internal control parameters.
  4. Illustrate the key components of legacy planning, the setting up of a family governance structure and family constitution.
  5. Highlight the gaps that could undermine generation transition and the limits and constraints that business founder and family business steward must work within to protect, grow and guide the family business.
  6. Evaluate fund-raising options for family businesses.
    Course Outline
    1. Roles and responsibilities of the family business board.
    2. Board composition and effective board committees.
    3. Enterprise risk management and internal controls.
    4. Fund-raising options and considerations.
    5. Key considerations of legacy planning.
    6. Family governance: key components and the use of professionals.
    7. Family constitution and the role of the family office.
    8. Family transition: gaps, assets, value and limits.
    Level Essentials.
    Target Audience
    Incoming and current directors of family businesses or listed companies which are closely held by individuals and/or families.
    Course Duration 1 day (lunch provided).

    Delivery Classroom lecture, discussion and Q&A.
    Cost SID Member : $550 (incl. GST).
    Non-SID Member : $690 (incl. GST).
    CPD Hours 8 hours.