Family Business Governance by Tony Balshaw | Succession Planning, Board Structure, Family Systems

Family-owned businesses face unique challenges at the intersection of family dynamics and business operations. While many operate based on trust and relationships, Tony Balshaw emphasizes the critical need for formal governance structuressuch as a Family Shareholders Committee, Board of Directors with independent members, and structured succession planningto ensure longevity and harmony.

Author Credentials:
Tony Balshaw is a chartered accountant and respected family business advisor, with decades of experience working with both local South African firms and global business families. He is a fellow of the Family Firm Institute and author of Thrive: Making Business Work (~28,000 copies sold) 

Key Topics Covered:

• Establishing a Family Shareholders Committee to unify family ownership goals and dialogue with management

• Building a professional Board of Directors, including independent representation

• Structuring succession planning, including timing and criteria for leadership handover by around age70

• Enhancing trust through governance and reducing conflict risk

• Drafting a Family Constitution to codify governance expectations and family-business boundaries

family business governance, Tony Balshaw, succession planning, family shareholders committee, independent board, family constitution, governance frameworks, family-owned business, long-term continuity