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Family governance: organising a family meeting

Author: Carlock, Randel S. ; Florent-Treacy, ElizabethINSEAD Area: Entrepreneurship and Family EnterprisePublisher: Fontainebleau : INSEAD, 2008.Language: EnglishDescription: 3 p.Type of document: INSEAD CaseNote: Latest version available via https://publishing.insead.eduAbstract: Andrew Whiteside and his five siblings, owners of a family business, have staged a semi-annual family meeting to review business results with all blood relatives over 21. With the next meeting coming up, many different perspectives and emotions are starting to appear within the senior and next generation. While some people feel these meetings are very effective, others are concerned that the existing family forum may create more problems than solutions because difficult issues, like board seats and family compensation, are not discussed. What can be done to improve communication?Pedagogical Objectives: This case allows us to understand the purpose of a family meeting, and the need to establish a structure that encourages family participation in planning, problem solving and decision making. It also deals with next-generation problems and recognition as well as rules to develop the meeting into a formal council.
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Latest version available via <a href=https://publishing.insead.edu>https://publishing.insead.edu</a>

This case allows us to understand the purpose of a family meeting, and the need to establish a structure that encourages family participation in planning, problem solving and decision making. It also deals with next-generation problems and recognition as well as rules to develop the meeting into a formal council.

Andrew Whiteside and his five siblings, owners of a family business, have staged a semi-annual family meeting to review business results with all blood relatives over 21. With the next meeting coming up, many different perspectives and emotions are starting to appear within the senior and next generation. While some people feel these meetings are very effective, others are concerned that the existing family forum may create more problems than solutions because difficult issues, like board seats and family compensation, are not discussed. What can be done to improve communication?

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