Building a successful family business board : a guide for leaders, directors, and families

In Building a Successful Family Business Board , the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm.

Author Notes

JENNIFER M. PENDERGAST Senior Consultant of The Family Business Consulting Group, Inc. She specializes in strategic planning, family and business governance, family office structure, and facilitation.

JOHN L. WARD Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management, USA, and teaches strategic management, business leadership and family enterprise continuity.

STEPHANIE BRUN DE PONTET Associate of The Family Business Consulting Group, Inc. She specializes in building effective ownership teams and advising family enterprises facing important transitions.

Foreword	p. vii
1 Independent Boards of Directors and Family Business: Introduction to a Powerful Alliance	p. 1
2 Truth and Myths about Boards: Meeting the Challenge	p. 9
3 The Role of the Board in the Family Business	p. 25
4 The Special Value of Independent Directors to the Family Business	p. 35
5 The Vital Role of the Board in Family Business Continuity Planning	p. 53
6 Designing the Board	p. 67
7 Finding and Selecting Directors	p. 89
8 Managing the Board	p. 117
9 Making the Most of Your Board	p. 145
10 Linking Family and Business Governance in Later Generations	p. 165
11 How You Can Contribute As a Director	p. 189
12 Our Call to Action	p. 211
Appendix 1 Example Board Prospectus	p. 217
Appendix 2 Committee Responsibilities	p. 222
Appendix 3 Family Director Qualifications and Nominating Process	p. 227
Appendix 4 Introductory Letter to Accompany Prospectus	p. 231
Appendix 5 Rating Sheet to Aid in Director Selection Meeting	p. 232
Appendix 6 Board of Directors Evaluation	p. 233
Appendix 7 Chairman Job Description	p. 236
Appendix 8 Smith Family Assembly Charter	p. 239
Appendix 9 Summay of Survey Results	p. 249
Bibliography	p. 253
Index	p. 255

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Author Notes

Table of Contents