Managing the 'Family' in the Family Business
Those working in or advising family businesses have a particular and additional set of issues to address and that is the family dynamic.
This full day workshop is focussed on chief executives and directors of family businesses and also family members moving into a managerial role in the business. The format will be such that delegates will be expected to share their own experiences and issues under 'Chatham House' Rules.
What You Will Learn
This course will cover the following:
- Why family businesses are different
- How to approach the issues involved
- Managing the ownership and management succession process
- How to assess who may be best to provide management succession
- How to manage and control personal conflicts
- The role and potential contents of the shareholders agreement
- The role and authority of a family council
- The role of a family forum
- Identification of a valuation criteria for valuing the family business
- The creation of an internal market for shares
- The establishment of a dividend policy
- The role of external wealth and in particular pensions in aiding the succession process
- What may be fundable by way of extracting wealth and providing security to earlier generations
- Inheritance Tax and CGT issues
- The scope to use differing classes of shares and option arrangement
- The role of trusts and will planning
- The role of the external adviser - The do's and don'ts
Please let us know if you wish to be notified.
Please let us know if you wish to be notified when new dates are added for this programme