Governing Family Enterprises

New insights and skills for all involved in the family business

Explore the specialized knowledge and skills unique to family business management and governing a complex family enterprise effectively. In a collaborative, supportive environment alongside representatives of other enterprising families facing similar issues, you and your family and board members can tackle together the complex issues of continuity and governance.

Guided by a faculty of experts in family business practice, seasoned advisors and directors of best-in-class family enterprises, you will learn to differentiate the roles and responsibilities of owners, family members (whether involved in management or not), independent directors and executives. As you work through real-world studies with peers from other respected families, you will develop new governance and leadership mindsets and gain confidence in your ability to apply them in practice. You will also see how a common vision can unite family owners in a long-term commitment to continuity.

Groups of up to five participants from a family enterprise can be accommodated in each session. Requests for groups of more than five in a single session must be approved by the program’s Academic Director. Please direct your inquiry to the John L. Ward Center for Family Enterprises at c--bath@kellogg.northwestern.edu.


This program will be offered in a live virtual format through spring 2021. Our live virtual programs are built to deliver a rich experience that’s comparable to our in-person programs. You will have the opportunity to engage with our faculty and your peers in live discussions and lecture sessions. You will come away with the tools to navigate and succeed in the new business landscape.

Kellogg Executive
Leadership Institute

Information Session

Learn more about the Family Enterprise Suite with this one-hour long information session.

 

Who Should Attend

  • Family and non-family directors, CEOs, board chairs and trustees of family-controlled firms. The enterprise must be 3rd generation or beyond, with a significant number of family owners and minimum annual revenue of US$100m with a preference for $500m or above
  • Family members involved in governing their family councils, family office or their family foundations
  • Family shareholders

Key Benefits

  • Define the roles and responsibilities of owners, directors, board chairs, the executive team and the family council
  • Improve your board’s effectiveness
  • Learn about critical governance policies needed to sustain the relationship between the enterprise and the family
  • Learn how a common vision can unite family owners in a long-term commitment to continuity
  • Learn how governance can be used to gain trust among family owners, directors and top management
  • Leverage governance as a key competitive advantage of family business

Program Content

The program will focus on the roles of the board chair, independent directors, family council leadership, and non-family top management. Successful and innovative models of organizational design will be shared.

Governance Challenges Facing the Family Business

  • Develop a theory of family business governance
  • Explore how shareholder families evolve
  • 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 lead effectively the processes of governance
  • Confront the contradictions and paradoxes of governance

Defining Roles and Responsibilities

  • Understand the roles of owners and the responsibilities of family councils, boards and executive management
  • Learn how best to make a team out of your Board, your family council and of other governance committees
  • Differentiate ruling from governing
  • Manage the extended family
  • Enhance shareholder loyalty, voice and commitment

Board Development and Evaluation

  • Improve board decision making
  • Build high-functioning board and family council teams
  • Maximize board and family leadership effectiveness
  • Learn how boards can add distinct value

Faculty

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

Ivan Lansberg - Academic Director; Adjunct Professor, John L. Ward Center for Family Enterprises Executive Education Programs

Victoria Medvec - Adeline Barry Davee Professor of Management & Organizations; Executive Director of the Center for Executive Women

Leigh Thompson - J. Jay Gerber Professor of Dispute Resolution & Organizations Professor of Management & Organizations

What Participants Say

“The program is very well structured and organized. It offers many new ideas about family governance structures. The quality of the faculty is excellent. It is a great opportunity to share and exchange points of view with other family companies.”
Chairman, Agrolimen, Spain

“Your program was the most meaningful and beneficial experience I have ever had - and not just in the realm of family business, either. From the breadth and depth of the material covered, to the outstanding group of participants involved, to the structure of the program that maximized the efficiency of every second we were there, it was simply fantastic!”
Shareholder, Pella Corporation, U.S.A.

“I want to express my strong feelings of satisfaction for the high quality of the seminar on Family Business we just attended. Even our highest expectations were exceeded.”
Board Vice-President, Grupo Gerdau, Brazil

Family Enterprise Suite

Address the unique challenges of running a family business

2021 Sessions

April 12-30, 2021

Start: April 12 at 8:00 AM

End: April 30 at 11:45 AM


Live Virtual Program

Download the Topic Overview

$8,750

October 3-7, 2021

Start: October 3 at 1:00 PM

End: October 7 at 12:30 PM


Evanston 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.

$11,750

Fee includes lodging and most meals

Kellogg School of Management

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