A Foundation For Family Alignment
A family constitution is a formal document which sets out the rights, values, responsibilities, and rules applying to stakeholders in a family business and provides plans and structures to deal with situations which arise in the course of a family business’s operation.
But it is more than that. We all know that plans and structures by themselves do not breed success, but that healthy relationships do. Many families neglect to include in their constitutions important matters related to non-financial and non-business wellbeing, matters that impact the family unit and its future generations.
Here, then, it is important for us to look at creating a document that it is more than a dry family constitution, but one that covers the glue that holds the family unit together.