Startup & Entrepreneurship

Policies & Procedure for Family Business

Introduction

This practical training program is designed with:

  • 16 hours training 
  • 03 months one-on-one coaching

 

 

 

How you will benefit

By the end of the program, participants will be able to prepare Steps Sustaining Your Family Business

Who should attend

Families in Business: From Generation to Generation is intended for teams of business family members, such as:

  • A chief executive officer [or top family business leader(s)] and his or her spouse
  • Children of the business leader(s) and their spouses
  • Siblings and their spouses/partners
  • Cousins and their spouses/partners
These family members might be:
  • A manager or an employee
  • A board member
  • A shareholder
  • An interested relative, who may be an in-law

What you will cover

Module 1: How to Combine the Family and Business

  • Employment and family policies those clarify expectations
  • Integrating your child into your company
  • Closing the generation gap

Module 2: How to Build Leadership Skills

  • Creating an organizational chart of your family business
  • Managing unproductive partners
  • preventing deadlock
  • Engineering the entrepreneurial spirit

Module 3: How the Family Members Working together

  • Sibling partners need an openness policy
  • Achieving unity in a large family
  • The right way to make decisions
  • Splitting the business to unify the family

Module 4: How to Plan a Successor

  • The secrets of successful family business successors
  • How to introduce your successor to key outside stakeholders
  • When the successors don't take charge
  • When to recruit an interim leader

Module 5: How to Manage Your Family Company

  • The best fit corporate structure
  • Building an effective board
  • Designing a family business governance structure
  • Creating a family holding company

Module 6: How to Create Code of Conduct

  • Building a family code
  • Building a family ethic policy
  • Why do you need a policy on prenuptial agreements

Module 7: How to Pay Fairly

  • Transitioning to equitable base pay for family employees
  • Executive compensation strategies for private companies
  • Is an ESOP appropriate for your company

Module 8: How to Develop Business Strategy

  • Developing a strategic plan
  • Diversifying your holding
  • Creating value through strategic acquisitions

Module 9: How to Compromise in the Financial Matters

  • Financial best practice for family businesses
  • Agreement with relatives should be put in writing
  • Dividend policity
Study Time

This practical training program is designed with:

16 hours training - 2 days

Schedule

Tokyo
3,500 $
02 Jun & 03 Jun 2023

Other courses