Synopses & Reviews
Just as a Board of Directors is a governance structure for shareholders, a Family Council oversees a family on everything from educating the family for their future responsibilities as owners to settling disputes within the family. Using the common term
family council to refer to family governance, the book will be a practical manual for all business families seeking structure to manage how their family governs itself and relates to their business.
The book will answer several basic questions:
1. What are the forms of structured family governance?
2. What purpose is served, and disasters avoided, by using structure like a family council?
3. How does one select the form of family council that is appropriate for the size, age and complexity of the business family?
4. How are family councils established and maintained, and how do they evolve?
About the Author
Christopher J. Eckrich, PhD is a principal of The Family Business Consulting Group, Inc. and specializes in building leadership excellence and maintaining family unity in family owned businesses. He is also adjunct professor at The University of Notre Dame, where he teaches family enterprise to both undergraduates and graduate students. He also served as a founding advisor to The Family Business Center at the University of St. Francis, a university-based education Center for family business owners and their families, where he led the Next Generation Leaders group.
Stephen L. McClure, PhD is a principal at The Family Business Consulting Group, Inc. and specializes in family communications and decision making, succession planning and implementation, and governance & management in family firms. He has taught business planning and family business management and governance to retail networks of international manufacturers, clients of law practices, international trade groups, business advisors, and to the members and owners of family businesses, both domestically and internationally. As an innovator in providing unique services to private businesses, his articles on consulting methods appear in three volumes of collected works. Dr. McClure has worked with family businesses for over 25 years.