Designing, Implementing and Harnessing an Effective Board for Your Family Enterprise
Wednesday, March 18, 2020
Breakfast Buffet: 7 – 8:30 a.m. in the Oros dining Room
Speaker Series: 8:30 – 11:30 a.m. in the Auditorium
Presented by Babetta von Albertini, Lansberg Gersick & Associates
A Board of Directors is tasked with resolving various issues and providing guidance, with the ultimate success of the business as a top priority. Family members can rely on the board to make unbiased business decisions that may otherwise be impossible to reach.
This program will be divided into two parts: First, we will focus on how to build a first-time active board and will address typical fears and misconceptions of controlling owners, including the reluctance of bringing in independent board members. Second, we will focus on how to maximize the value of an active board as the company evolves over time.
- Learn to think strategically about the design of your Board
- Define the skills and capabilities family and independent Directors need for your Board to be effective (filling the gaps through a board matrix, etc.)
- How to develop family members for board service
- Answer the following questions: What does an effective Board look like?, How do you harness the full potential of the Board?, How do you recruit, select and motivate top notch independent Directors?, How do you manage the Board’s relationships with key stakeholders: the owners, the family and the executives?
Bonus Afternoon Round Table Discussion 12:30 – 2:30 pm
A small group interactive discussion about your current challenges and most important questions. Please submit your questions in advance. Suggested topics may include: How to get the next gen interested and trained for board service, Things to consider for the board matrix, If the board chair is also the CEO, how does that inform conflict resolution?, How can a board recover from dysfunction?
Limit 30 participants (FBC members have priority registration)