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Governance and Directorship for Family Business Course - Apr 2024

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*Please note the session time is set in AEST and adjust accordingly for your local time zone.

This course will enable you to understand Family, Business and Shareholder governance, your duties as a director, and how to implement appropriate structures to meet your family’s needs.

This is the only Governance and Directors course specifically designed for family businesses in Australia.

Governance refers to the structures, systems and processes concerned with ensuring an organisation’s overall direction, effectiveness, supervision (control) and accountability.

Having systems in place for both business and family governance are some of the best ways to ensure the sustainable management and long term success of your family business. This is because formal governance structures assist open communication between family members, reduce internal conflicts, nurture the next generation of leaders, and develop a shared family vision for the future.

In addition, as a member of a family business with a material impact on the direction and strategy of the business, it is important you know your role and meet your legal responsibilities, as you may be as liable as any director on the board.

The Family Business Governance and Directorship Course Online establishes the value that a board brings to the business. It will also go over your duties, responsibilities and how to structure a board that is appropriate for the needs of your family business. 

This online course is delivered across five weekly sessions, followed by a group coaching session. All sessions will be held via zoom.

Between sessions you will be provided with activities to help you work through the content and apply it back in your family business to help you gain the most from the course. You can then bring your questions / challenges to the next session to help resolve them.

Key learning 

  • Understand the unique challenges family business directors face in relation to Family, Business and Shareholding.
  • Understand the moral, financial and legal responsibilities of directors.
  • The critical role communication plays for directors in meeting Family, Business and Shareholder needs.
  • Explore and understand the options for structuring boards and councils to meet your family’s needs.

Who should attend 

  • Executive and non-executive Directors of family businesses
  • CEOs and senior managers of family businesses
  • Family and non-family members who are new to a director’s role
  • Emerging Generations contemplating or preparing to take on a director’s position.
  • All members involved in strategically guiding the family business 

Course Structure

Session What is involved Details
Online 
Orientation
  • Get to know your facilitator and fellow participants. 
  • A detailed overview of the course. 
  • Share your current family and business governance challenges and what you want to learn throughout the course. This gives the facilitator the opportunity to ensure that your particular concerns are addressed through the course.
     

9 April 2024
11.00am - 1.00pm AEST
(approx. 2 hours)

Course
Session 1
  • Understanding family and business governance structures. 
  • Balancing the interests of the owners and the business. 
  • The current structures in your family business. 
  • An overview of directors duties.
     

16 April 2024
11.00am - 3.00pm AEST
(approx. 4 hours)

Course
Session 2
  • Your questions from the last session. 
  • Understanding the financial health of your family business.
  • How to measure profitability, liquidity and financial stability.
     

23 April 2024
11.00am - 3.00pm AEST
(approx. 4 hours)

Course
Session 3
  • Your questions from the last session. 
  • Legal aspects of being a Director or Officer of a family business. 
  • Key sections of the Corporations Act, and related penalties for breaches. 
  • Family Charters – their form and purpose.
     

7 May 2024
11.00am - 3.00pm AEST
(approx. 4 hours)

Course
Session 4
  • Your questions from the last session. 
  • Family structures and effective family communication to help your family businesses thrive over generations. 
  • How to integrate family and business governance to best effect.
  • Getting started/next steps.  
     

14 May 2024
11.00am - 3.00pm AEST
(approx. 4 hours)

Group
Coaching
Two weeks after Course Session 4, we’ll regroup and share experiences of our efforts to implement or enhance governance structures and processes. Work through any questions or challenges with your facilitator and fellow participants to ensure successful implementation in your family business.
 

21 May 2024
11.00am - 1.00pm AEST
(approx. 2 hours)

Follow-up Support and Guidance Sessions

We find that once our participants complete FBA’s Governance and Directorship Program some find continuing support and guidance very beneficial.
Typically, as participants implement their plans additional questions can arise, they encounter unforeseen challenges, want to seek feedback on how other participants would approach a situation, or simply reconnect to share progress.
Participants have the opportunity to come back together with other families, for three (3) further sessions with their FBA facilitator. Sessions occur 3-4 months apart following the completion of the program, each session is two hours.
Participants who have participated in these additional sessions have found them invaluable as they accelerate progress by resolving issues, enable them to refocus, get the boost needed to maintain momentum, and increase the return from their initial investment in the Governance and Directorship program. 

Sessions cost $600(incl GST) per person, or $1200(incl GST) for multiple members of the same Family Business. Bookings for these sessions can only be made through your course facilitator or contact education@familybusiness.org.au

Facilitators

Principal Facilitator

Rob Davis | Enginuity Consulting
Rob and his consultancy, Enginuity Consulting are a rather unique.  He is what you might call a ‘Specialist Generalist’​. That is, he deals with all the complex areas a Family Office, Family Council, Board or CEO would normally cover.
Most work is conducted as a result of private referrals or via FBA connections.

Rob's area of expertise includes Family Council and Board implementation and leadership, From Start-up, Management of Business Personal and Family lifecycles, through Growth to Exit or Succession, with his specialties being in Culture, Governance and Business Performance, Leadership, Strategy.  

Financial Facilitator

Agnes Vacca | KMPG (WA)

Agnes has over 30 years of experience working with family business owners, their finance teams and managers to develop strategies and implement restructures to ensure their businesses are operating in optimal business structures to facilitate business growth, future exit strategies and tax effectiveness. Agnes specialises in facilitating the development of goal focused business strategies including business transition, finance and reporting process improvement, cash-flow forecasting, budgeting, sensitivity analysis, business planning and finance proposals.


Legal Facilitator/AU

Fotini Kypraios | Prisma Legal
Fotini is the Founder and Principal Lawyer of Prisma Legal, a boutique commercial law firm. She is also an FBA Specialist Accredited Advisor and a member of the VIC FBA Advisor Committee.
Fotini has over 18 years’ experience advising clients in range of legal areas, including litigation, management, international investment tax consulting, succession, sales and transition of businesses and general commercial issues. Fotini’s broad local and international experience has enabled her to develop expertise in commercial and corporate issues in a diverse range of contexts. Having grown up in a family business, Fotini is passionate about working with business owners and families in business.


Legal Facilitator/NZ  

Sarah Kelly | Dentons Kensington Swan
Sarah is a Senior Associate in the Private Wealth team at Dentons Kensington Swan. Sarah’s advises many domestic and international high net worth families and their family offices in relation to wealth planning, trusts, immigration by investment, relationship property, trust governance and compliance and general corporate and commercial matters.

Early bird rates close on 23 March 2024.

Click here to view the terms and conditions.

Please contact the office on 1800 249 357 or education@familybusiness.org.au if you have any questions or need assistance registering for this event.

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