{"id":2714,"date":"2024-01-23T16:00:13","date_gmt":"2024-01-23T19:00:13","guid":{"rendered":"https:\/\/g5partners.com\/?post_type=insight&#038;p=2714"},"modified":"2024-05-17T10:23:27","modified_gmt":"2024-05-17T13:23:27","slug":"the-importance-of-a-family-council-for-a-companys-governance","status":"publish","type":"insight","link":"https:\/\/g5partners.com\/en\/insight\/the-importance-of-a-family-council-for-a-companys-governance\/","title":{"rendered":"The importance of a family council for a company\u2019s governance"},"content":{"rendered":"<p><span data-contrast=\"none\">A family council has a very important role in developing governance practices for family-run businesses. This role becomes even clearer as the number of generations involved in a company\u2019s operations increases and, consequently, so does the number of family members with interests in the company.<\/span> <span data-contrast=\"none\">When this happens, companies realize they need to build a separate forum to discuss and make corporate decisions, whether strategic or operational, in such a way that family members (partners) have an appropriate and professional environment to discuss matters of their particular interests.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-contrast=\"none\">One of the most important roles of the committee is to monitor and preserve family values, which need to be understood and prioritized when conducting the company\u2019s business.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Our senior partner provides comments on this matter in the video below:<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:259}\">\u00a0 <\/span><a href=\"https:\/\/youtu.be\/gEYdlv-37YQ\" target=\"_blank\" rel=\"noopener\">Click here<\/a><\/p>\n","protected":false},"featured_media":2274,"template":"","class_list":["post-2714","insight","type-insight","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/insight\/2714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":1,"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/insight\/2714\/revisions"}],"predecessor-version":[{"id":2765,"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/insight\/2714\/revisions\/2765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/media\/2274"}],"wp:attachment":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/media?parent=2714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}