Family Business Advisory
A Family Business and Governance Concept
A Family Business and
Governance Concept
Foster Sustainability Beyond 2nd Generation
“An initiative in addressing the needs of family office advisory services;
our goal is to ensure family business’ growth and sustainability through generation,
whilst remaining true to the founder’s vision and values.”
Some Common Issues in Family Business
Succession Planning
Only a few of the family businesses owner have a formal succession planning to ensure the business’ sustainability through generations due to some common issues such as inability/difficulty to make succession choice and an aversion to letting go by the founder. Failure to plan means planning to fail.
Conflict with no Resolution Between Family Members
The nature of family business means that family drama, workplace issues and conflicts about the business may escalate into a new height.
Unclear boundaries of management control
More often than not, family members are unable to use different ‘hats’ on different situations, creating blurred boundaries between each role and responsibilities; owner, family, and business (employee).
Maintaining and Hiring Talent
Be it through a clear career advancement to support professionals’ aspiration, or through a clear-cut boundary to lessen intervention from the family, family business leaders must be able to maintain talent for sustainability of their business.
Lack of Commitment from Family Members
Maintaining future generations’ commitment to the family business will become a challenge as it grows. Without commitment, the family business may struggle to be competitive when faced with great hurdle.
Siblings rivalry and power struggles
Siblings rivalry and power struggles
Our Services
Establishing Family Constitution
We help family members crystalize their aspiration, creating a living documents which govern the responsibilities & rights of each family members in the family business.
Providing Conflict Management Resolution
Through the establishment of family constitution, we help family create a proper mechanism that can be used to settle differences and conflicts between members even for generations to come.
Managing Growth Through Application of Good Corporate Governance (GCG)
We provide the best practices of GCG through years of real-life experience in various corporation which our partners have accumulated throughout the years.
Succession Planning
Passing down the torch to the next generation or entrusting the company to professionals for your eventual exit. Whatever the plan is, we can help you structure it to suit the family’s aspiration.
Crystalizing Family Vision & Values
We help in encapsulating the founder’s vision & values, ensuring they will be passed down and be used as guidance by the next generations.
Organization Structure & Management Control
We help redesign the organization structure within a family business to ensure management and financial control can still be retained even with minimal interaction from the founder or chairman.
Corporate Parenting and Holding Management
For some, the establishment of holding company is one way to ensure harmony within family members via segregation of authority. We provide our client with best practices in holding company governance.
Setting / Improving Key Performance Indicator (KPI)
We help family business to reach their optimum performance via the establishment of relevant KPI.
Managing Talent
Retaining talent in family business can be a challenge. We help in creating a proper channel that can bring together the aspirations of both professionals and family members.
Our Journey
Service Company
We assisted the founders of a company resolve their decade long conflict to enable a smooth transition to their second generation.
Our Scope of Work
- Compensation and benefit plans
- Corporate transformation workshop
- Fit & Proper test for 2nd generation
- Management & financial control
- Create accountability mechanism for the board of directors (2nd generation)
Manufacturing
We helped an established Family Owned company redesign their corporate governance structure to enable their non-family professionals to aspire and achieve higher growth targets for the company.
Our Scope of Work
- Individual assessment of key persons
- Total corporate re-organization
- Corporate Governance Design
- Compensation and benefit improvement
- Defining key performance indicators
- Design code of conduct
FMCG
Our services helped a family prepare sustainability for future generations whilst implementing good corporate governance practices.
Our Scope of Work
- Holding Company Restructuring
- Organization Structure Design
- Corporate Governance Design
- Family Constitution & family council
- Design code of conduct
- Sibling Conflict Resolutions
Consumable Goods
Through facilitating the formation of a family constitution, we help families with a view for long-term sustainability of their business address their unique and key concerns for passing the torch of leadership and share-ownership to future generations.
Our Scope of Work
- Corporate & shareholding structure
- Organization and placement
- Defining family's business vision & values
- Organization Structure Design
- Conflict resolutions mechanism
Contact Us
For more information :
Office 8 Building, 19th Floor Unit K, SCBD Lot 28
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia
(alternative entry from Jl. Senopati, Jakarta Selatan)
Telephone
(+62) 21 29333747
(+62) 811 8245 559
executive.assistant@fidelitas.co.id