Start of Main Content
Author(s)

John L. Ward

This note introduces the importance to family businesses of drafting a family constitution to maintain success and continuity of governance of the family's enterprises. The process of family members/owners being involved in making the draft provides the most value for the enterprise, more so than the content of the finished product.

Date Published: 12/09/2010
Discipline: Family Business;Organizational Behavior
Key Concepts: Family Business, Family Constitution, Governance, Family Ownership, Multi-Generation, Vision, Family Leadership
Citations: Ward, John L.. Technical Note: The Family Constitution. 7-309-502 (KEL601).