Forming Family Enterprise Governance

Kellogg School of Management

How long?

  • 3 days
  • in person

Kellogg School of Management

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Who should attend

Members of enterprising families and non-family executives with businesses in the founders and/or sibling stages of growth. Consultants or advisors are not eligible unless attending with a family member.

About the course

Creating structures and processes to ensure success and continuity

One of the most critical times in a family enterprise evolution is moving from the processes, people and structures that proved successful for a controlling owner to those that support a sibling partnership. Providing your stakeholders with education from the leading academic experts on governance can increase your confidence that you will have the latest insights, and can move forward with the right systems that fit your stage and needs.

This program, offered on Kellogg's Miami campus, is focused on what skills leaders need to design appropriate governance architecture, lead effective decision making across all stakeholders and set a vision that will guide multi-generational continuity. Leading faculty from the Center for Family Enterprises and across Kellogg, in addition to insights from successful families who have made this transition, will provide you with engaging and thought provoking approaches and frameworks.

"Forming Family Enterprise Governance provides an opportunity for enterprising families at a critical stage in their evolution. As many family businesses fail to transmit beyond the sibling stage, we provide a resource to understand the unique challenges for founder/child and sibling owned businesses and strategies to overcome those challenges."

Jennifer Pendergast, Academic Director, John L. Ward Clinical Professor of Family Enterprise and Executive Director of the Kellogg Center for Family Enterprises

Key Benefits

  • Learn the governing structures families must consider to promote multi-generational continuity
  • Understand the heterogeneity of each stakeholder in family enterprises - family, owner and management
  • Appreciate the unique challenges of operating in the sibling stage of ownership, as well as the requirements to transmit the business beyond this stage
  • Acquire tools and language to put these concepts into action with the rest of the family
  • Learn from other families in a similar stage of evolution through exposure to other participants and cases

Program Content

  • Develop a theory of family business governance
  • Design an appropriate, optimal governance structure for your enterprise
  • Learn how governance structures and policies interact to elicit constructive shareholder engagement and organizational effectiveness
  • Acquire skills needed to effectively lead the processes of governance
  • Understand the roles of owners and the responsibilities of family, boards, and executive management
  • Maximize board and family leadership effectiveness
  • Differentiate ruling from governing
  • Explore the use of influence within a family system
  • Build awareness of the process of creating and refining a family constitution

Forming Family Enterprise Governance | Kellogg Executive Education

Experts

Ivan Lansberg

Professor Ivan Lansberg is an organizational psychologist in New Haven, Connecticut. He is co-founder and a senior partner of Lansberg, Gersick & Associates LLC, a research and consulting firm specializing in family enterprise and family philanthropy. Ivan was a professor of organizational be...

Jose Maria Liberti

Jose Maria Liberti is Clinical Professor of Finance at Kellogg School of Management, Northwestern University and William M. Scholl Professor of Finance at Kellstadt Graduate School of Business, DePaul University. He is also a research fellow of the European Banking Center. He also holds an affili...

Loran Nordgren

Loran Nordgren is an Associate Professor of Management and Organizations at the Kellogg School of Management. His research considers the basic psychological processes that guide how we think and act. The overarching goal of his work is to advance psychological theory and to use theory-driven insi...

Jennifer Pendergast

Jennifer M. Pendergast Ph.D is the inaugural John L. Ward Clinical Professor of Family Enterprise and Faculty Director, Center for Family Enterprises (KCFE) at Kellogg School of Management, Northwestern University. In this capacity, Jennifer guides the market leading executive education and MBA p...

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Forming Family Enterprise Governance at Kellogg School of Management

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