Whilst there are of course similarities between the business board of a corporation and that of a family business, there are also marked differences and nuances in the way family business boards are set up and operate. Having an understanding of these differences is key for anyone working in conjunction with a family business, the family unit, or indeed assuming a role on such a board.A selection of expert speakers from the family business world will provide an overview of the family business board, its workings and what makes it different. Aspects to be explored by speakers include:• board member recruitment and the more oblique set of behavioural and people skills that family businesses often require of board candidates• the ‘mechanics’ of a family business board; understanding the roles, responsibilities, structures, processes and behaviours • how to assess board effectiveness and the possible need for role reassignment • dealing with the retirement of family members • case studies and personal accounts of family board experiences and lessons learnt
Society of Trust and Estate Practitioners hosted by Baker & McKenzie and Business Families Special Interest Group will lecture a masterclass which will take place in London on February the 5th about family business boards, helping to further with knowledge and understanding of this area showing the difference between this way of companies and corporation ones and teaching how to manage them and how to gain a good position and deal with potential clients.
