Author: Jon Kenfield
Family Boards – Strategic Leadership, Governance, Supervision and Risk Management
A Company Board is a legally constituted Board of Directors under the Corporations Act 2001. Its role may be anything from: (a) being there because, at law, you have to have one in a company (compliance requirement), to: (b) being there to support and supervise business operations (governance). A Family Board is a term used […]
Read MoreFamily Alignment – Building Consensus to Enjoy a Shared Future
In some ways, obtaining family alignment is like pulling teeth …. into alignment. It takes time, effort, due process and some (or lots) of pain. But the end result makes everything worthwhile – all the “bits” look better, and work better, over the long term. Family alignment should be a primary goal for any family […]
Read MoreDispute Resolution – Deconstruction to avoid Destruction
From many victims’ perspectives, disputes look huge, complicated and unmanageable, with no obvious resolution trajectory. Think: “how can I eat this elephant?” From an outsider’s perspective, the same dispute may look very different. Without the strong emotions, it’s easier to perform a rational analysis that calmly evaluates complexity, urgency and solution entry points. If the […]
Read MoreConflict Resolution – Deconstruction to avoid Destruction
From many victims’ perspectives, conflicts look huge, complicated and unmanageable, with no obvious resolution trajectory. Think: “how can I eat this elephant?” From an outsider’s perspective, the same conflict may look very different. Without the strong emotions, it’s easier to perform a rational analysis that calmly evaluates complexity, urgency and solution entry points. If the […]
Read MoreConflict Management – Cut the Costs of Conflict
All conflict is damaging and costly, and its costs are not purely monetary. Agile Conflict Management helps to cut conflict costs. There are 3 phases in Agile Conflict Management: Conflict Prevention – requires appropriate use of Strategies, Structures, Systems and Skills: Strategies – having a plan that enables you to identify risks early so they […]
Read MoreBusiness Succession Planning – It’s not “if”, it’s “when?”
One of the most ridiculous things I’ve ever heard about business succession planning came from Giuseppe (not his real name) who declared that he didn’t need to worry about succession planning for his business because he wasn’t planning to retire any time soon. Giuseppe was 79 years old! He had four sons working in his […]
Read MoreArbitrator – Like having Solomon on Steroids for Commercial Disputes
Arbitration is an excellent private dispute resolution option for individuals and businesses in dispute. The parties agree to appoint an independent person – the Arbitrator (who should be an expert in the subject matter of the dispute) to make a binding decision on the issues in dispute. The Arbitrator gathers information, using documents and/or in […]
Read MoreAlternative Dispute Resolution – The ADR Story
Alternative Dispute Resolution (“ADR”) describes any process used to settle or resolve disputes that is not court-based litigation (ie: it’s an “alternative”). Alternative Dispute Resolution has a long history however, ADR was not widely adopted in Australia until the early 1990s – when politicians and judges acknowledged that our court systems had become so slow, […]
Read MoreAdvisory Boards – The “Great Leap Forward” for Business Families
Establishing an Advisory Board (or “Advisory Committee”) is one of the easiest, quickest, cheapest and most effective measures any family business can take to improve the quality of its thinking, planning, problem solving and general decision-making. The concept is simple: an Advisory Board is an identifiable body, established by a family to help it make […]
Read MoreBusiness Family Alignment – the Family Plan
Throughout the Western world, less than 5% of all family businesses survive the third generation curse: “from shirt sleeves to shirt sleeves in three generations”. The 5% that do make it through often proceed for many generations – in clear evidence that they’ve worked out and applied something really important to their family about sustainability […]
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