Growing Treasure
Family Constitution
Family Constitution is the rules of the family and agreements that outline the roles family members play in the business.
Family Constitution
Family Constitution is the rules of the family and agreements that outline the roles family members play in the business. It is not a will or contract but it is an agreement to make the family business sustainable from generation to generation. It is a guideline for regulating family businesses. It is also a part that shows the family’s core values, vision and commitment to the business. By putting these agreements in writing to create clarity in making it effective within the family, reducing problems of misunderstandings. Effectively promote family businesses to be more successful. This is very beneficial to families who have a cartel system. Make the business sustainable and be able to pass on success to the next generation
Family Constitution
The family constitution should be rules and regulations that are mutually accepted. Therefore, the preparation of a family constitution must come from the joint preparation of family members. Based on an understanding of the needs of each family member. In the preparation process, consultants may be involved in setting guidelines and organizing practical activities (workshops) together to provide opportunities for discussion and opinions.