?
X
Welcome!
This survey will identify the strengths and weaknesses of your enterprise and offer recommendations for the Family, the Ownership, and the Business.
Family
Ownership
Business
Start!
Back
Back
Back
Family
One of the reasons that makes family businesses less likely to survive or remain a family business after the third generation is the lack of family harmony and communication
Continue
*
There is a family council
?
or forum where family members discuss family issues, separate from business issues.
Family
Yes
No
The family business's governance body that oversees the relationship between the family and the company. Its responsibilities include safeguarding the family's values and vision and developing educational programs for family members on the governance of family businesses.
*
There is a family protocol
?
that governs the relationship between the family and the business.
Family
Yes
No
An agreement defining the rules, standards, and expected conduct for family-business relations. It should be tailored on a case-by-case basis and updated periodically.
*
The members of the family have agreed not to discuss business matters during family meetings.
Family
Yes
No
Ownership
More than 85% of companies in Latin America identify themselves as family businesses. However, more than 70% admit that they have yet to develop a succession plan.
Continue
*
Shareholders / Owners
Ownership
1
2
3 or more
*
The company has a formal ownership agreement
?
Ownership
Yes
No
This regulates the relationships between shareholders or owners on issues such as purchase rights, obtaining and relinquishing an ownership stake in the company, and voting rules.
*
The company has a dividend policy
?
Ownership
Yes
No
These guidelines establish the percentage of a company's profits that are paid annually to the shareholders or owners of the family business and the percentage that will be reinvested in the company.
*
The company has a program for training heirs
?
Ownership
Yes
No
A program that provides future leaders with the tools necessary to be responsible owners
*
The company has a retirement plan for family members
?
Ownership
Yes
No
Is there a pension fund or pension plan for family members? This plan should be integrated into the company's continuity plan.
Business
Successful family businesses have governance structures and processes suitable to their family, ownership, and business complexity.
Continue
*
The company has a board of directors
?
that meets at least four times per year.
Business
Yes
No
A body responsible for establishing and ensuring the implementation of the strategic vision, appointing senior management, taking decisions on mergers and acquisitions, etc.
*
The company has a contingency plan
?
in place in the event that its president or a key executive becomes unexpectedly incapacitated.
Business
Yes
No
The steps to take when dealing with unforeseen situations. This plan is important for ensuring long-term success.
*
The company has a policy in place governing the hiring of family members
?
Business
Yes
No
In what cases and under what circumstances should a family member be employed?
*
The company has an annual business plan.
Business
Yes
No
*
The financial statements are audited annual by an external firm.
Business
Yes
No
*
The company has a written succession plan
?
Business
Yes
No
A process to identify and train future leaders, generally from the next generation of the family. It defines the timing and circumstances needed to conduct the handover.