What to keep in mind
Adapt governing bodies, information procedures, voting rules, family coordination and succession arrangements to the ownership structure.
A governance system designed for two founders may fail with numerous heirs.
Distinctions often confused
A family council and a statutory board have different functions.
Frequently asked questions
Can a family council replace the board?
No. Statutory corporate powers must be respected.
How can dispersed family shareholders remain informed?
Through proportionate and regular reporting arrangements.
Informational content. It is not a substitute for professional advice.