CONSULTING

Are you so busy running your business that shareholder issues end up taking a back seat? You’re not alone.

It’s an all-too common problem. You’re busy. You're under constant pressure to make smart decisions. Not surprisingly, it's tough to find time to address shareholder issues, such as requests for increased dividends, meddling in operations and that job application from your nephew. In the back of your mind you know they could become serious problems in the future, but you have to deal with other serious problems right now.

And you've been thinking how great it would be to have the input of experienced, independent executives on your new product ideas. But how can you find the time to find good directors and establish an effective board?

That's where our consulting service can help. We will work with you to design and implement a governance system that enables your family to work effectively together. And we will lead the effort to create a board that will be invaluable to both the company and the family shareholders. By taking action now and establishing an effective governance system when issues are relatively minor, you’ll be better prepared to manage critical, yet predictable, transitions such as management succession and ownership transfers.

In general, the governance system will provide:

•  Clearly defined owner roles and responsibilities

•  Communication guidelines, such as procedures for owner, management and board dialogue

•  Clear expectations of the business from the owners

•  Processes for addressing major company and owner issues

•  Policies on sensitive issues like family employment and dividends

•  A capable board that includes experienced, independent board members