ERTHAK / OUR EXPERTISE
Family Governance
A family business needs governance that respects relationships without leaving roles and decisions unclear. ERTHAK helps families agree on how ownership, family, the board, and management should work together.
When this service is useful
- The family is preparing for succession or a leadership transition.
- More family members or generations are becoming involved in ownership or management.
- Important decisions depend on informal conversations or one person.
- Repeated disagreement is affecting the family, the board, or the business.
- The family wants formal forums and rules before a crisis occurs.
Examples of what the engagement may cover depending on the agreed scope
- Stakeholder interviews and a family governance diagnostic.
- Shared governance principles and a family charter or constitution.
- Role boundaries and decision rights for family, ownership, board, and management.
- Design of the family assembly, family council, family office, or other needed forums.
- Principles for succession and next-generation participation.
- Communication and escalation arrangements for difficult issues.
Illustrative outputs depending on the agreed scope
- An agreed family governance architecture.
- A draft or updated family charter.
- A clear role and decision map.
- A phased implementation roadmap with named owners.
Who we work with
The owning family, family council, shareholder group, chair, board, and executive leadership, according to the scope.