Advisory Board Governance

Advisory Board Governance

 

Families in business together have an especially powerful motivation to govern themselves well. They hold shared interests often including a large capital investment, prospects for future employment for children, and the image of the family business in its community. A desire to work together for the general good of the family and the business into the future is the common driver for a growing number of family business owners now establishing a framework for governance under the guidance of Raffino.

Effective governance is about creating structures and processes that guide the smooth operation of the business, as well as ownership and management succession, in line with the families wishes. At the core of this lies mechanisms for effective communication.

Raffino have the experience and expertise to assist family business owners to establish the governance framework, structures and processes required. Our advisory board model considers all three dimensions; family, business operations, and ownership. This ensures smooth decision making, cohesiveness, effective conflict resolution, clear direction, growth and financial performance, risk management, accountability, and commitment to family values.

Next Step

 

If you wish to work with an experienced family business advisor to help you set up a governance model and chair your family advisory board, then get in touch today.

Get in contact using the form below or call 0408 773 817.

 



The First Step!

The first step to accelerating business growth is to get clear on your strategy, then work out what’s not working and why. Enter you details below for your complimentary copy of the Raffino strategy template.