Preparing a Family Constitution

Preparing a Family Constitution

The Family Constitution is a document created to determine the inner workings of family businesses, the roles and responsibilities of family members, leadership transitions, and company values. This document contributes to the more stable and harmonious management of family businesses by promoting open communication and reconciliation among family members.

The Family Constitution Preparation process is carried out with the participation of family members and a specialist consultancy firm. The process allows family members to discuss and define their values, goals, and rules of conduct. It also develops future-oriented strategies to identify leadership transitions and the management structure of the family business.