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FAMILY BUSINESS MEETINGS FACILITATED
FAMILY BUSINESS MEETINGS WORK FOR FAMILIES WHO WANT TO PRESERVE IMPORTANT
FAMILY RELATIONSHIPS AND MAKE SMART BUSINESS DECISIONS AS WELL
Families who own substantial assets or who own a family business often
have the need to collaborate and plan together to preserve and grow their
assets and/or their business for the next generation. They do not necessarily
have conflicts with each other, but rather they simply recognize that
with more than two family members, the likelihood of having a more meaningful
and productive family meetings is much higher when a third party neutral
is present to facilitate.
The benefit of a competent facilitator is in helping convene the family,
creating the structure for a meaningful agenda and facilitating the meeting
in a support role or in a leadership role. The facilitator’s role
is to ensure the opportunity for quality dialogue and questioning, the
exploration of various ideas, the opportunity for quality decision making
both strategically and collaboratively, and the opportunity to discuss
sensitive or difficult situations as they may arise, from time to time.
Families who have substantial wealth or a family business welcome the
role of the neutral facilitator, who is also experienced in such family
and financial matters and conflicts. The use of a neutral facilitator
helps to preserve important family relationships and to make smart business
decisions.
The family may also choose to have others present at the facilitated meetings,
including wealth advisors or family business or trust and estate attorneys.
These resources too welcome the role of the neutral facilitator who helps
to ensure that everyone has spoken and has understood information and
options, which are discussed.
Family Business Mediators and Facilitators of Louise Phipps Senft &
Associates/Baltimore Mediation believe in Better Process…Better
Outcome.
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