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Best Practices for Family Businesses

The Center for Global Best Practices (CGBP) is holding a special seminar entitled “Best Practices In Family Business Governance & Family Constitutions” scheduled on June 9 & 10, 2011 at the Peninsula Hotel, Makati City.

The most successful family businesses that lasted for generations have the right family governance system and a solid family constitution.  To run the family business successfully, it is important to first manage all family business stakeholders effectively.  Having the right family governance framework is the answer.  It’s been proven worldwide that those family owned companies who have instituted the right family governance system are stronger and more united as a family in business, better at resolving conflicts, more competitive compared to others, are able to rapidly grow their businesses, have faster and better quality of decisions and more effective with their board and stakeholders.

Resolving conflicts and uniting family members is commonly a major issue.  The most effective solution to this is having a family constitution.  When crafted properly, it’s a powerful tool to resolve all issues among family business members.  It is the bible that everyone needs to refer to when making decisions.  Make sure your family has one.  It should be the first one that every family business should put in place when starting an enterprise.  Embodied in this document should include what are important for everyone such as values that the family and business must uphold, the roles and responsibilities of owners, directors, and stakeholders and the rules that all must follow.  In this program, we will teach you all of these including how to create family councils, address family assemblies and meetings, and resolve business issues among family members effectively.

Those who have built family business empires such as the Ford, Rockefellers, Walton of Walmart, and many others have it.  Whether you are the founder, business owner, director, family business member, executive or non-executive next generation shareholder, or non-management extended relative stakeholder, this special seminar workshop will surely set you on the right course towards a long-lasting business and a harmonious relationship among stakeholders.  This is highly recommended for all members of the family.
 
This 1.5 days special program will feature CGBP Family Business Center program director Ricardo Hizon Mercado, MBA.  He is the founder of the Family Business Development Center, John Gokongwei School of Management of the Ateneo de Manila University where he taught for 15 years and was its director until September 2009. He has also taught Family Business Management in San Francisco State University and has been a resource person in Family Business seminars and regular guest speaker in the Family Business classes in Santa Clara University, University of San Diego in California and University of the Pacific, Stockton. As an authority in family business, he will also share his extensive research, knowledge, expertise, experiences and lessons learned having been a stakeholder family member and COO of Kentucky Fried Chicken (1989 to 1991) and President of Red Ribbon Franchise Corporation (1996 to 2000).  His passion is in helping family businesses succeed & advocating right practices in family business governance.

Interested participants are encouraged to avail of the early bird and group discounts.  This is a limited-seats-only event and pre-registration is required.  For more details, visit www.cgbp.org. You may also contact CGBP at (02) 556-8968/69 & (032) 512-3106/07or email program leader Rochelle Arias at rochelle@cgbp.org.
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