This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

Family Contract

Set of rules, arrangements and institutions for running the family business and wealth.  To be drafted jointly with family members and include, among others, arrangements for the following issues:

  • Family and business values – vision
  • Family ethics – moral
  • Share transfer arrangements
  • Appointment of managers
  • Corporate governance 
  • Board of Directors
  • Reporting and controls
  • Employment of family businesses
  • Screening
  • Training
  • Promotion
  • Job definition
  • Setting salaries and making periodic performance evaluations
  • Inter-generation communication
  • Family members' education, health and welfare