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Boston Improving Governance of Ownership & Wealth Management Structures Essay

 

2500-3000 words applying class concepts and frameworks such as 3-circle and wheel of conflict and leveraging (1) interview-attached, (2) the diagnostic of the family business in report 1- attached. Offer recommendations on business strategy, family governance and leadership development.

a discussion of the lack of current governance, as well a shared values as a family; (3) some external data around opportunities for business expansion under your leadership in Egypt, Poland, Dubai and potentially elsewhere (there are thriving Egyptian communities in London and Geneva, New York too)

The report will address all three areas (strategy, governance and leadership development) but you can chose to focus more on the area where you expect the recommendations to make a critical difference for the well being and growth of the family business

(1) Strategy: opportunities for growth and innovation within or outside of the legacy business (including impact investing); and explore how the business can further the family’s social impact through new and realigned social impact strategies (for example, building a supportive ecosystem for its industry, developing the skills needed in the business, etc)

2. Governance: you will make recommendations to improve governance of

  • the business (for example, actions around professionalization, talent development and board of advisors),
  • ownership/wealth management structures (for example ownership pacts or the opportunity to create a family office)
  • the Family: opportunities to create family council, constitution, actions to foster engagement and “familiness” and conflict management systems; outreach to the community

leadership development:

discuss

    • how the family can empower the next generation of leaders and plan for smooth transitions as a process rather than an event