Purpose of Education

Participants of this training, who are members of the family business, will learn how to prepare a family
constitution approved by the family council, which will be a roadmap for them in matters such as their
family relations, company-next generation relations, heirship, share transfer/distribution; what stages will
be passed in the preparation process; After the adoption of the family constitution, they will obtain
information about what kind of infrastructure is required for its complete implementation, supported by
sample applications. What kind of information should be in the content of the family constitution and how
this information will be standardized will also be presented to the participants with their legal dimensions.

Content of the Training

• An overview of family businesses: Management in family businesses, Typical characteristics of family
businesses, Advantages and disadvantages of family businesses, Managing the psychology of change in family
businesses
• Family and company relations: Institutionalization of the family and the company, Reflections of family relations on the
company, Reflections of intergenerational conflicts on the company, How do family relations affect the future of the
company?
• Creating a family constitution and its processes: General Concepts (Family constitution, Family
council/board, Management and/or executive board), Should every family company have a
constitution? What does the family constitution include? What is the legal bindingness of the family
constitution?, What are the criteria for the family constitution to be permanent and acceptable?,
Follow-up and control of the family constitution
• The contribution of the existence of a family constitution to the company: Family constitution, family and company relations,
What is the benefit of the existence of a family constitution in relations between future generations and current generations?, A
look at the future of family constitution and family companies, Concrete benefits of family constitution

Target Group

The founders, partners, general manager and assistant level professional managers of all small,
medium and/or large-scale family companies can attend the training.