Company Law Unlock New Insights: Latest Family Office Handbooks for Advisers Now Available!

Family Enterprises: How to Build Growth, Family Control and Family Harmony

By Richard L Narva
Globe Law and Business March 2015

Specifications

ISBN-13
9781909416505
Publisher
Globe Law and Business
Publication
March 2015
Format
Hardback , 360 pages
Jurisdiction
International ? Countri(es) for reference only

Details

Recognition of the power and importance of businesses controlled by family shareholder groups has grown steadily over the past 30 years. Apologies for working in the family business in the 1980s and 1990s have been replaced by public pride on the parts of leaders of family controlled firms for their enduring growth under family control and contributions to all stakeholders in the enterprise.

What has been missing from the business literature is a guide to the processes, structures and interventions that assist family-controlled enterprises to sustain continuity of growth, family control and family harmony.  This book compiles the wisdom of experienced leaders of family growth companies and those who advise them, focusing on what works to sustain business success without sacrificing family relationships or control. Each of the contributors is grounded in deep management or professional expertise guiding or advising family-controlled enterprises.  And each chapter contains clear, practical advice on how to address issues that challenge family firm leaders and their advisers on a regular basis.

This new book demonstrates to members of family shareholder control groups, their non-family executives and members of the boards of directors, as well as lawyers and other long-term advisers, that there are ways to address the emotionally powerful issues and challenges that are specific to family controlled enterprises. Many of these proven solutions to the special requirements of leading family firms have broad global applications, assisting them to grow, without sacrificing their culture or strategy. 

Table of Contents

Table of contents
Introduction

Part I. Understanding the power and constraints of family shareholder control groups

The entrepreneurial family
Family systems and family business
Family solutions for family issues
Characteristics of century old family firms
Understanding patriarchal leadership of family enterprises
Choosing a clinically trained professional to assist a family shareholder control group
Entrepreneurship and innovation in family firms: reassessing the fixation on ‘success’ and ‘failure’ in family enterprises
How to manage an enterprise alongside a visionary founder/leader
Family enterprise and entrepreneurship

Part II. Building human capital to lead family controlled enterprises

Contributions of a council of advisers to family controlled growth companies
The family, non-exec chairman
The chief talent officer
The general counsel as consigliers
Executive coaching challenges with family firms
How to hire, train, retain and compensate a family enterprise attorney
How to hire, educate, retain and compensate a family enterprise financial adviser
The challenges of serving as a family firm trustee

Part III. Designing family controlled organisation for growth

Shareholder agreements
Family holding companies
Creating an effective fiduciary board for a FCE
Independent directors
Single family offices

Part IV. Strategising and financing growth of the family controlled enterprise

The special pitfalls family shareholder control groups face trying to grow by acquisition
Managing the family controlled real estate portfolio
How to manage the successful disposition of a family firm

About the Author

Consulting editor: Richard L Narva

Contributing firm Author(s)
   
Australia  
Family Business Resource Centre Lucio E Dana
Luminis Partners Simon Mordant
RMIT University Kosmas Smyrnios
Brazil  
Nebel & Mello Dorothy Nebel de Mello
Canada  
Sauder School of Business Jennifer Halyk
South Africa  
Institute of Coaching at McLean Hospital Sunny Stout Rostron
Pick n Pay Gareth Ackerman
USA  
Narva & Company LLC Adam S Narva
  Richard L Narva
  Shari Wyner Narva
Babson College Matt Allen
Barley Snyder Dara C Bachman
  Michael L Mixell
  Timothy P Malloy
Baruch College Ramona Kay Zachary
Bigelow LLC David C Linton
Conscious Capitalism Inc Douglas Rauch
Eckert Seamans Cherin & Mellott LLC John L Talvacchia
Hemenway & Barnes LLP Frederic J Marx
Phelan Family Enterprises LLC Kathrin Phelan Midgley
Ritter Communications Daniel B Hatzenbuehler
Sheehan Phinney Bass + Green PA Janet B Fierman
Sonos Inc Josh Narva
The Sirenictrust Charles S Fradin
Thunderbird School of Global Management Ernesto Poza
USALCO LLC S Denis Thomas


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