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The Family Constitution: Agreements to Secure and Perpetuate Your Family and Your Business

Overview

The family agreement is becoming a prime objective to a successful family business.   Designed for families planning to draft such an agreement, families deciding whether or not to begin the process, and those that have already established a family agreement, this book illustrates the fundamental components and their importance to the success of the family business.  A family agreement or constitution is the expression of purpose for the continuity of the business and the process of creating ...

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Overview

The family agreement is becoming a prime objective to a successful family business.   Designed for families planning to draft such an agreement, families deciding whether or not to begin the process, and those that have already established a family agreement, this book illustrates the fundamental components and their importance to the success of the family business.  A family agreement or constitution is the expression of purpose for the continuity of the business and the process of creating one is just as important.

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Editorial Reviews

From the Publisher
"The authors address a most critical and delicate topic in a concrete and thought-provoking way, without imposing pre-defined solutions.  Anyone concerned about their family business should read it, even if they have not yet planned a family constitution, to reflect upon the future."  —Michele Alessi Anghini, CEO, Alessi Spa, Italy

"The concept of a "Family Constitution" is a powerful one.  Not just for the "family" but also for the non-family executives.  This  book provides both a comprehensive framework for understanding the subject and also a very thoughtful approach on how to execute it well.  It will be of value to those about to develop or revisit a family agreement or constitution.—John Varley, Non-family CEO, The Clinton Devon Estates, Devon

"The authors have combined their theoretical preparation with their wide  practical experience, giving us a new, very actual vision on family constitutions' formulations and on their effect over time."  —Gioacchino Attanzio, CEO, AldAF, Italian Association of Family Firms, Italy

“The book provides an insight to a structured way of creating a family constitution which addresses all possible issues.  Personally, we as a family would not have been able to make such a robust constitution for our business without the help of this book."  —Rohit George, AV George Group of Companies, India

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Product Details

  • ISBN-13: 9780230111165
  • Publisher: Palgrave Macmillan
  • Publication date: 12/15/2010
  • Series: A Family Business Publication
  • Edition description: Reprint
  • Pages: 116
  • Sales rank: 686,937
  • Product dimensions: 5.40 (w) x 8.20 (h) x 0.40 (d)

Meet the Author

Daniela Montemerlo is Associate Professor of Business Administration and Family Business at the University of Insubria and Professor of Family Business at Bocconi University and SDA Bocconi School of Management.

John L. Ward is Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity.

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Table of Contents

Foreword
• I. The Fundamental Components of a Family Agreement
• II. What Shapes the Family Agreement
• III. Purposes of Family Agreements
• IV. The Contents of Family Agreements
• V. It's the Process That Matters
• VI. Types of Family Agreements
• VII. Successful Conditions for Developing Family Agreements
• Afterword
• APPENDICES - I. Family Philosophy Statement Example - II. Owners' Contract - III. Family Business Protocol
• Notes and Suggested Readings
• Web Sites
• The Authors
• Index

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