A practical insight into some of the questions that need to be considered when creating a constitution. The best way to start creating a...

Families in business are unique. While similar to any public corporation competing in the market place, they are fundamentally different...

Over time a Family Constitution can gain such moral weight that contradiction becomes unthinkable. Bryony Cove and Sonal Shah of Farrer &...

Here, we examine the ownership role in a family owned business in Asia – not the management or leadership role but the impact of...

Instituting a family council can be a significantly positive step toward managing the business in a more rational and professional manner....

It is often said that the first generation creates the wealth, but that it is the second generation that creates the legacy. In an...

As the complexity of family and business relationships increase, families can turn to a formal “family constitution” to create a healthy...

The 2014 Survey of Corporate Governance Practices in European Family Businesses provides a snapshot view of some of the largest family...

Family companies may have a conservative heritage, but new research suggests they can teach us a lot about innovation. Family firms are...

Advisers can help clients better secure their family business by asking them to address four key areas: legal structure, governance...

The family constitution is a written document that lists the mission, vision, and purpose of the firm. It also spells out the family...