Building a Unified Family Enterprise - June 10-12, 2019

The FOX Building a Unified Family EnterpriseTM workshop will show you and your family how to design a long-term plan for your Family Enterprise. The workshop will give you the tools you need to implement a vision and a plan for your family’s future together. Attendees will learn about developing a framework for their own family enterprise plan, a process for outlining critical action steps, and the key questions every enterprise must consider.

This workshop offers a thoughtful approach to organizing the complex dimensions of your family enterprise, once you have grown bigger than an operating business. We bring you tools, templates, and strategies for building your master plan.

WHAT TO EXPECT

  • Strategies for alignment and building a clear vision for the future of the enterprise
  • A roadmap for integrating goals across the family, the businesses, the foundation and the family office
  • Tools to organize enterprise goals and allocate family capital
  • Advice on the best governance structure to support the goals defined
  • An understanding of leadership talents and transition strategies
  • Methods to engage family members in supporting the enterprise master plan

WHO SHOULD ATTEND

Ideal for family members, family office executives, and family board members who are seeking to establish a longterm vision for the family enterprise.

 

  • About
  • Agenda
  • Speakers
  • Accommodations

 

See the grid below for registration options. All registrations are subject to approval by FOX.

Registration Options

FOX Member

Non-Member

Building a Unified Family Enterprise
(June 10-12)
$3,600 $4,200
Professionalizing the Family Office
(June 12-14)
$3,600 $4,200
Building a Unified Family Enterprise &
Professionalizing the Family Office

(June 10-14)
$6,450 $7,650

 

Please note that a discount may be available to additional paid attendees from your firm.  Contact Family Office Exchange via phone at 312.327.1221 or email events@familyoffice.com to receive the additional paid attendee coupon code. Registrations are subject to approval by FOX.

REFUND POLICY: For event registrations, refunds of payment or forum allotments will be offered if the cancellation is made in writing to Family Office Exchange at events@familyoffice.com five (5) or more business days prior to the start of the event. For more information regarding administrative policies please contact FOX office at: 312.327.1200.

Field of Study: Finance - Up to 9 CPE credits can be earned by attending this event. CPE credits are accepted at the option of state certifying boards. Requirements, compliance procedures and acceptance may vary by state.

Learning Objectives: Upon completion of this program, participants will gain an understanding of how to develop a long-term plan for a family enterprise strategy. Additional program objectives include: strategies for building a clear family enterprise vision, how to build a roadmap for integrating goals across the family enterprise, tools to organize goals and allocate family capital, governance structures to consider, an understanding of leadership talents and transition strategies, as well as methods to engage family members to support the enterprise master plan.

Program Level: Overview | No prerequisites are required for any of the sessions. | Delivery Method: Group Live Program

Family Office Exchange is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

June 10-12, 2019

Module 1

 

Family Enterprise Thinking

Families with an enterprise mindset recognize the complexity of all that they own together and understand the importance of managing its business, financial, human, and social capital in a thoughtful and intentional way for the good of all owners. In this session, FOX will show you how to develop a Family Enterprise Framework that supports the vision. This process will help you organize your thinking and your resources to build a framework for the future.

Content to be Covered:

  • Develop a clear profile of the enterprise
  • Understand how the enterprise supports the vision
  • Recognize family opportunities and risks
  • Set guiding principles for the enterprise
  • Design essential structures to support the enterprise
  • Build strategic relations with key advisors
   
Module 2

Family Commitment and Alignment

What makes your family unique? Where is the energy in the family? What are the synergies in working together? All of these questions are important to consider as you contemplate the challenges and benefits for the long-term. Sharing ownership means sharing control, and sharing control means sharing risk. Having frank conversations about the benefits of staying together, and the work involved in doing so, is critical to securing the collective family’s commitment to the family enterprise and a future together. It helps to begin with an understanding of the past as a prologue to the future.

Content to be Covered:

  • Discuss family views on togetherness
  • Recognize generational patterns in families
  • Analyze the family’s prior history
  • Understand values and guiding principles
  • Identify patterns and polarities that define families
  • Analyze timeline and trigger events
   
Module 3

Shared Vision for the Family’s Future

“Every generation is a first generation.” With each transition of leadership, it is important to review the purpose of the enterprise and the vision for where you are going together. Understanding the world’s driving forces and mapping the family’s collective views on risks and opportunities are ways to engage the family in productive dialogue about the future. Scenario planning provides a safe means for considering alternate paths for the future and gaining consensus around the best way forward. Crafting the desired future vision from many possible future scenarios will give the family confidence and clarity about their future direction.

Content to be Covered:

  • Identify driving forces and key uncertainties
  • Recognize and address disruptions that will impact future vision
  • Develop current and future scenarios to explore alternatives
  • Create a shared vision for the future of the enterprise
  • Define key strategies and action steps to implement the vision
   
Module 4

Enterprise Goals and Risks

Just as you engage in strategic planning for the family business, so must you engage in planning for the family enterprise. Developing a family enterprise strategy means considering the goals of the business, the goals for family unity and engagement, and the family’s commitments to community and philanthropy. Looking at the financial assets in an integrated manner with the input of the family, the family office (if one exists), and the trusted advisor team is an important part of the process. The family must articulate the enterprise goals in a substantive manner, and work together to define how success will be measured.

Content to be Covered:

  • Three phases of enterprise planning
  • Consolidate family goals into an enterprise view
  • Develop integrated strategies that matters to owners
  • Enterprise measure of success
  • Do periodic scenario planning to revisit and refine the enterprise strategy
   
Module 5

The Importance of Governance and Leadership

Effective governance involves the development of a system (principles, policies, practices) that fosters trust, balances power, and helps family members work together to further their collective goals in a productive manner. Each layer of governance (e.g., Family Assembly, Family Enterprise Board, Family Committee) has unique roles, responsibilities and criteria for involvement. Good governance provides a means to navigate the inevitable transitions every family enterprise encounters.

Content to be Covered:

  • Understand the benefits of a formal governance system
  • Develop a decision-making process that is trusted
  • Design governance structures to grow with the family
  • Develop clear levels of authority and accountability for boards
  • Develop performance metrics to monitor progress
   
Module 6

Foster Family Learning and Leadership Development

Most families want their wealth to be a source of satisfaction for their children and grandchildren. Developing a culture of learning and investing in a systematic approach to delivering ageappropriate financial education and leadership training is the best way to prepare family members to be responsible owners of wealth and lifelong contributors to the family enterprise.

Content to be Covered:

  • Engage the family in defining learning priorities for each generation
  • Understand personal leadership skills and interests
  • Develop an owner education program for all ages
  • Identify family leadership roles and responsibilities
  • Identify a leadership selection process using ind. advisors
  • Structure a process to ensure a smooth transition
   

 

Sara Hamilton
Founder and CEO, Family Office Exchange (FOX)

Sara is a recognized visionary and credited with professionalizing the family office industry. She founded FOX in 1989 as a peer network for family office executives. Within 10 years, FOX could see that families needed help with their enterprise vision, managing financial transitions, and educating family members on responsible ownership. Today, Sara provides strategic direction for FOX and leads the development of new programs and services supporting family enterprises, family office executives, and wealth advisory firms in more than 27 countries.

Sara is the co-author of Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times. She also serves on the executive education faculty of the University of Chicago Booth School of Business, where she is an adjunct faculty member for their Private Wealth Management course. She is on the founding boards for the International Private Directors Association and the Foundation for Gender Equality.

 

Miguel López de Silanes - Family Office ExchangeMiguel López de Silanes Gómez
Managing Director, Market Leader for Europe and Latin America, Family Office Exchange (FOX)

Miguel is responsible for delivering FOX services to current members, and actively works to expand the network in Europe and Latin America. His base is in Madrid, but he spends half of his time in Latin America.

Miguel has most recently been director of the family office for one of Europe’s leading real estate families, with specific responsibility for designing and implementing the family’s investment strategy and for providing owner education to the younger family members. Previously, he worked at UBS Wealth Management in New York, Chile, and other locations in Latin America. He began his career at Bain & Company as an Associate Consultant in London and Madrid. He has an M.B.A. from Harvard Business School and a B.A. in Economics from Universidad Pontificia Comillas (ICADE) in Madrid.

 

Robin L. Letchinger, JD
Family Enterprise Market Leader, Family Office Exchange (FOX)

Robin is responsible for developing and growing the Family Enterprise Center—a unique network of 100+ multi-generational families who strive to build and retain an enduring family enterprise. These families believe in the benefits of co-ownership of family capital and collaboration in family endeavors. Robin advises families on identifying opportunities and risks, allocating family capital, optimizing and trusting their governance structures, and educating the rising generations about life-long learning and leadership.

Robin brings over 25 years of strategic problem solving to FOX honed through her experiences as a General Counsel, Board Member of a 4th generation family-owned business, law firm Partner serving family-owned businesses, and a Director on various non-profit boards. Robin received her J.D. from the Northwestern University Pritzker School of Law and her B.S. in Finance, with highest honors, from the University of Illinois, Urbana-Champaign. She also attended the Northwestern Kellogg Executive Education program on Governing Family Enterprises. She currently serves on the boards of the Chicago Foundation for Women and Open Communities.

Omni Chicago Hotel
676 North Michigan Avenue, Chicago, IL, 60611
https://www.omnihotels.com/hotels/chicago

 

Please note the room block at the Omni has now closed. If you would like to secure a room at the group rate of $319 (plus applicable taxes) please contact us at events@familyoffice.com