Family & Governance
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"What is good for the company is good for the family, but what is good for the family is not necessarily good for the company."
Except for the companies listed on the stock market, whose ownership is fragmented among many shareholders, the rest of the companies are related to one or more families. This proprietary link focuses our attention on protecting the company from the different changes that occur due to the transformation from the nuclear family to the extended one and how the interaction between family and company must be harmonized. Here comes into play the need to have a structure that allows the coexistence of family and business to achieve a desirable and sustainable future.
Corporate governance is the set of processes, customs, policies, laws and institutions that affect how a company (corporation) is directed, managed or controlled. It also includes the relationships between the many agents involved in them (from ownership to management, external controllers, creditors, investors, customers, suppliers, employees and the environment and society as a whole).
The projection of the business over time and its sustainability as a source of well-being will have to do with the existence of a transparent, explicit and well-understood governance scheme by the family members. Structuring transparency is one of the biggest challenges. This allows the need for rules to be better understood as a communication code than as a system of limits, restrictions and obligations. Good communication, assertive and direct, shields the family and company from gray areas. Family DNA must be the vital element that connects everyone with each other and in time to create a safe and desirable symbiosis.