A family constitution is a critical management tool to ensure the sustainability of family businesses and support their successful continuation for generations. At Smart&Start, we offer a comprehensive and customized consultancy service during the family constitution drafting process.
Our Service Scope
Current Situation Analysis
- Detailed examination of family and company structure
- Analysis of existing management processes and decision-making mechanisms
- Assessing the expectations and visions of family members
Determining the Content of the Constitution
- Defining family values and vision
- Roles and responsibilities of family members in the company
- Decision-making processes and delegation of authority
- Shareholding rights and share transfer policies
- Profit distribution policies
- Criteria for family members’ participation in the company
Design of Management Structures
- Establishment and functioning of a family council
- Board structure and member selection criteria
- Family office set-up (as needed)
Conflict Resolution Mechanisms
- Identification of potential areas of conflict
- Defining mediation and conciliation processes
- Establish binding decision-making mechanisms
Implementation and Monitoring
- Sharing and ratifying the constitution with family members
- Preparation of the implementation plan
- Establish regular review and update mechanisms
Our Approach
- Inclusive and Participatory Process: We create a consensus-based constitution, taking into account the views of all family members.
- Flexibility and Adaptability: We design a flexible structure that can adapt to changing circumstances.
- Legal Compliance: We ensure that the constitution complies with legal regulations.
- Privacy and Sensitivity: We respect the family’s privacy throughout the entire process.
You can contact us for more detailed information about your business needs or to start a consultancy process.
