What are the values of your family business? What are the employment policies for family members? How does the family deal with conflict? These are just a handful of the questions a family charter answers. But what exactly is a family charter? And why should your family business consider it?
As Russ Haworth explains, a family charter is the cornerstone for family business governance. It sets the tone for future governance discussions. And it covers necessary talking points in a family business, like the business’s purpose, communication channels, and conflict-management strategies. However, the process to implement a family charter is harder than you might think.
Where do you start?
Find the answer in “What Is a Family Charter?” Learn how a family charter improves family business governance, and strategies for implementing a family charter that ensures long-term success.
Read about how a family charter improves family business governance here.
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