Governing Family Enterprises

Kellogg School of Management

How long?

  • 5 days
  • in person

Kellogg School of Management

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Who should attend

  • Family and non-family directors, CEOs, board chairs, and trustees of family-controlled firms
  • Family members involved in governing their family councils, family office or their family foundations
  • Family shareholders

About the course

New governance insights and skills for all involved in the family business

Explore the specialized knowledge and skills unique to family business management and governing a complex family enterprise effectively. In a collaborative, supportive environment alongside representatives of other enterprising families facing similar issues, you and your family and board members can tackle together the complex issues of continuity and governance.

Guided by a faculty of experts in family business practice, seasoned advisors and directors of best-in-class family enterprises, you will learn to differentiate the roles and responsibilities of owners, family members (whether involved in management or not), independent directors and executives. As you work through real-world studies with peers from other respected families, you will develop new governance and leadership mindsets and gain confidence in your ability to apply them in practice. You will also see how a common vision can unite family owners in a long-term commitment to continuity.

Key Benefits

  • Define the roles and responsibilities of owners, directors, board chairs, the executive team and the family council
  • Improve your board’s effectiveness
  • Learn about critical governance policies needed to sustain the relationship between the enterprise and the family
  • Learn how a common vision can unite family owners in a long-term commitment to continuity
  • Learn how governance can be used to gain trust among family owners, directors and top management
  • Leverage governance as a key competitive advantage of family business

Program Content

The program will focus on the roles of the board chair, independent directors, family council leadership, and non-family top management. Successful and innovative models of organizational design will be shared.

Governance Challenges Facing the Family Business

  • Develop a theory of family business governance
  • Explore how shareholder families evolve
  • 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 lead effectively the processes of governance
  • Confront the contradictions and paradoxes of governance

Defining Roles and Responsibilities

  • Understand the roles of owners and the responsibilities of family councils, boards and executive management
  • Learn how best to make a team out of your Board, your family council and of other governance committees
  • Differentiate ruling from governing
  • Manage the extended family
  • Enhance shareholder loyalty, voice and commitment

Board Development and Evaluation

  • Improve board decision making
  • Build high-functioning board and family council teams
  • Maximize board and family leadership effectiveness
  • Learn how boards can add distinct value

Experts

Victoria Medvec

Dr. Victoria Medvec is the Adeline Barry Davee Professor of Management and Organizations at the Kellogg School of Management at Northwestern University.  In addition, Dr. Medvec is a co-founder and the Executive Director of the Center for Executive Women at the Kellogg School and the CEO of Medve...

Leigh Thompson

Leigh Thompson is the J. Jay Gerber Distinguished Professor of Dispute Resolution and Organizations at the Kellogg School of Management, Northwestern University. An acclaimed researcher, author, and speaker, Thompson’s research focuses on negotiation, creativity, and teamwork. Thompson’s books...

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...

Jennifer Pendergast

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

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Governing Family Enterprises at Kellogg School of Management

From  $11,750
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