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Family Businesses

Family-owned businesses have special characteristics that distinguish them from other forms of organizations. How the family goes about exercising control over the business can make a great difference to the performance and success of the organization. With increasing competition and rapidly changing market dynamics, it is especially important for family-owned businesses to be quick on their feet and sure of their strategy. Good governance is critical to achieving these and other strategic and operational objectives. Following best practices in family governance, tailored to clients actual situation and needs, ensures that winning approaches and behaviors are formalized and used systematically instead of sporadically and inconsistently. Family-owned organizations that set up strong and well designed processes and systems for governance are less likely to fall into unanticipated potholes.

BACE family governance programs help business families design and implement governance processes, systems, and charters that cut down on conflict, protect the rights of family members, and increase efficiency and effectiveness, with clearly laid out succession planning and guidelines. BACE team works closely with clients to set up a practical and comprehensive "family constitution" document which defines family's vision, mission and core values; family governing body charter and committees. This document is produced through a series of workshops and special purpose session with each and every family member to capture all ideas and inspirations of all family members and to produce a document that will help generations to come.

BACE family governance delivers practical solutions that weld together family members and longevity of family and family businesses.

BACE corporate governance programs help clients design and implement formal governance processes, systems, and charters that cut down on confusion and conflict, protect the rights of family members, and increase efficiency and effectiveness, with clearly laid out procedures, implementing them, and resolving disagreements. BACE works closely with clients to set up a practical and effective "family constitution" which defines companywide policies and procedures, including rules for how the family should interact with the business. These rules clearly document the roles, authority, and responsibilities of the family, both as individuals and as a group, and of other key decision makers and advisors. To improve the strategic direction of family-owned businesses, BACE works closely with clients to define their mission and vision, align family and management goals, and develop key strategies that add value to the organization.

BACE corporate governance delivers practical solutions that weld together the vision and continuity of family ownership to a successful high-performing organization in today's dynamic markets.

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