“Guidelines for an effective family council,” by Christopher J. Eckrich and Stephen L. McClure, Family Business Magazine, May/June 2013
Family councils work when they have real responsibility for real issues. Taking a bunch of individual family members who have little power and little voice and turning them into a group does not make for an effective experience. The result will be merely a group with little power and little voice.
Family councils can certainly accommodate those who are less powerful than the business leaders, but a good family council requires active leadership. Council members earn respect over time by addressing important family-wide activities and significant issues involving overlap of business and family.
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