Forming Family Enterprise Governance

Creating structures and processes to ensure success and continuity

One of the most critical times in a family enterprise evolution is moving from the processes, people and structures that proved successful for a controlling owner to those that support a sibling partnership. Providing your stakeholders with education from the leading academic experts on governance can increase your confidence that you will have the latest insights, and can move forward with the right systems that fit your stage and needs.

This program, offered on Kellogg's Miami campus, is focused on what skills leaders need to design appropriate governance architecture, lead effective decision making across all stakeholders and set a vision that will guide multi-generational continuity. Leading faculty from the Center for Family Enterprises and across Kellogg, in addition to insights from successful families who have made this transition, will provide you with engaging and thought provoking approaches and frameworks.


"Forming Family Enterprise Governance provides an opportunity for enterprising families at a critical stage in their evolution. As many family businesses fail to transmit beyond the sibling stage, we provide a resource to understand the unique challenges for founder/child and sibling owned businesses and strategies to overcome those challenges."
Jennifer Pendergast, Academic Director, John L. Ward Clinical Professor of Family Enterprise and Executive Director of the Kellogg Center for Family Enterprises

Jennifer Pendergast / Academic Director

Who Should Attend

  • Members of enterprising families and non-family executives with businesses in the founders and/or sibling stages of growth. Consultants or advisors are not eligible unless attending with a family member.

Key Benefits

  • Learn the governing structures families must consider to promote multi-generational continuity
  • Understand the heterogeneity of each stakeholder in family enterprises - family, owner and management
  • Appreciate the unique challenges of operating in the sibling stage of ownership, as well as the requirements to transmit the business beyond this stage
  • Acquire tools and language to put these concepts into action with the rest of the family
  • Learn from other families in a similar stage of evolution through exposure to other participants and cases

Program Content

  • Develop a theory of family business governance
  • 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 effectively lead the processes of governance
  • Understand the roles of owners and the responsibilities of family, boards, and executive management
  • Maximize board and family leadership effectiveness
  • Differentiate ruling from governing
  • Explore the use of influence within a family system
  • Build awareness of the process of creating and refining a family constitution

Faculty

Jennifer Pendergast - Academic Director; John L. Ward Clinical Professor of Family Enterprise and Executive Director of the Center for Family Enterprises

Ivan Lansberg - Adjunct Professor, Center for Family Enterprises Executive Education Programs

Jose Maria Liberti - Clinical Professor of Finance

Loran Nordgren - Associate Professor of Management & Organizations

CPE Credits

Continuing Education Credit
This program is registered with the National Association of State Boards of Accountancy and is recommended for 20.0 CPE credits.

Continuing Professional Education Information
The Kellogg School of Management, Northwestern University is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

All Kellogg programs that qualify for CPE credits do not have pre-requisites. Advanced readings and case preparation is required. A packet of course materials is emailed to all participants before the program begins.

All Kellogg programs are group-live or internet-based. Program level: Advanced. For more information regarding administrative policies such as complaints and refunds, please contact our office at 847-467-7000.

Family Enterprise Suite

Address the unique challenges of running a family business

2020 Session

February 19-21, 2020

Start: February 19 at 8:30 AM

End: February 21 at 12:00 PM

Miami campus

This Approval Program is limited to individuals with specific business experience. All applications will be subject to review and approval from the program’s Academic Director.

$5,780

Program Fee does not include accommodations.

Kellogg School of Management

James L. Allen Center
2169 Campus Drive, Evanston, IL 60208
Directions
847.467.6018