Author: Amelia Renkert-Thomas

A Matter of Trusts

“A Matter of Trusts” is an in-depth assessment of how to more effectively implement family business succession planning through trusts. For an introduction to the subject of trusts in family business ownership, read, “How to Read a Trust.” A Matter of Trusts: Creating Better Vehicles for Family Business Succession Planning How should an owner transfer shares¹ in a family business? When the goal is keeping a first-generation business in the family for future generations, one option is for the founding owner to gift or sell the shares to the anointed successor. But what if there isn’t an anointed successor? What...

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Engaged Ownership Audiobook | Part II Chapters 4-6

Part II: Getting Organized – For Family Business Owners Part II of Engaged Ownership provides a foundation for how family business owners can increase engagement to provide better stewardship to their family and enterprise. You will learn about the complex relationships among owners, board of directors, management, and family within the family business system, and how those wearing multiple “hats” can better navigate their responsibilities. You will also learn how family history, legacy, and natural governance affect the culture and environment within the family business system. Perhaps most importantly, Part II illustrates the significance of a family’s Core Capital—Human Capital and...

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Sore Winners

Say you and your family own a business together, and you’re trying to make a major decision.  You agree to take a vote. That’s fair, right? When it comes to fairness in decision-making, it’s a two-part analysis: For a decision to be considered fair, the participants must believe that both the outcome of the vote and the process by which it was conducted are fair. How can a vote be unfair? The Family Firm Institute (FFI) recently published a fascinating short article, “Decision Making Processes in Family Businesses in Latin America” by Mexican attorney and professor Luis Medina. In...

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Robert’s Rules of Order

Have you ever been in a meeting that felt aimless or got out of control? Do you wish your board of directors or owners council meetings were more organized? For family businesses looking to formalize their enterprise by developing a clearer process for meetings and decision-making, there is a time-tested architecture. Enter: Robert’s Rules of Order. First published in 1876 (and now in its 11th Edition: Robert’s Rules of Order Newly Revised), Robert’s Rules of Order are a useful set of parliamentary procedures that help an assembly have clarity of process in order to make decisions more effectively and...

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The Engaged Ownership Audiobook | Part I

Welcome to the Engaged Ownership: A Guide for Owners of Family Businesses audiobook. To purchase a hardcover copy of Engaged Ownership (and receive a complementary Engagement Toolkit Map Book) visit our store. Part I | Engaged Ownership: An Introduction Part I introduces the concept of engaged ownership—a different paradigm for family business owners and advisors. Engaged owners bring a deep understanding of their core capital and vision for the future. Advisors who understand the concepts and process of engaged ownership are far better equipped to work effectively with their family business clients. Chapter 1: More at Stake than Money...

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