Greetings!
We are pleased to invite you to our free "Master Class" series of teleconferences for 2011-2012. When we say "master class" -- we're not kidding. We have some true "masters" who will be speaking in their areas of deep expertise. Our Master Class series for 2011-2012 is as follows: November 3, 2011 -- Family Business Boards (Craig Aronoff, Stephanie Brun de Pontet, Jennifer Pendergast)
February 7, 2012 -- Family Business Capital (Francois de Visscher)
April 27, 2012 -- When Family Businesses are Best (Randel Carlock) The following family business centers will be participating in each Master Class teleconference: - Prairie Family Business Association
- Stetson University
- Universidad de Monterrey
- University of Alberta
- University of Massachusetts -- Amherst
- University of Vermont
Click here for further details and registration information. A brief overview of each of the Master Class teleconferences is presented below. |
 | Family Business Boards |
Craig Aronoff, Stephanie Brun de Pontet, Jennifer Pendergast
Section One: Board Readiness: Family Enterprises that seek to build an independent board of directors (BOD) will want to be sure they are ready and able to set up their first board for success. Our experts will discuss what roadblocks need to be overcome, how to get the whole family "on board" and steps and strategies for board composition and gaining a clear sense of individual roles on the board.
Section Two: The Board and the Family Business System: Where do the BOD and the family interact? Participants will learn the appropriate intersection of the board and family system as well as how the systems should interact and communicate their needs across the governance bodies.
Section Three: Getting the Board Meeting Right:
· set the right boardroom culture
· put together a strategic agenda
· prepare the right materials for the board members
· prepare management for useful BOD presentation.
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| Family Business Capital
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| Francois de Visscher
Section One: Managing the Patient Capital of the Family Business Navigating through the liquidity, capital and control transitions in family businesses requires the effective management of the family's patient capital. This section will explore various liquidity and governance tools to manage the patient capital of the family.
Section Two: Capital and Liquidity Solutions for Family Business In today's global capital markets, family businesses have many internal and external capital and liquidity solutions available to them. This section will review those options and how they relate to the patient capital in the family.
Section Three: Families Investing in Families The post-recession environment has created an opportunity for single family offices to become the patient investor of choice in family companies. Such a unique partnership of capital and values between single family offices and family businesses may very well be the new capital model business-owning families.
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| When Family Businesses are Best
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| Randel Carlock
Section One: Family business planning is a challenge because families are about caring and businesses are about performance-not a likely formula for a successful partnership. Unfortunately those are the facts and family enterprises around the world have found that the Parallel Planning Process for these two often-conflicting systems is critical to family harmony and business success. They both share the issue of managing transitions in leadership, strategy and ownership.
Section Two: Business families have ONLY ONE tool to improve performance-Communications improves family functioning and business performance and planning and governance are the tools that support communication. The most effective families are proactive in their planning and decision-making for both the family and the business system.
Section Three: Stewardship is an overriding value in high performing family businesses. We examine each of the five Parallel Planning Process steps and discuss how - when properly implemented -they help a family-owned enterprise to create value across a range of family activities.
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