What every family business must know

MANILA, Philippines - The Center for Global Best Practices (www.cgbp.org) is holding a special one-end-a-half day seminar entitled “Best Practices In Family Business Governance & Crafting Family Constitutions” scheduled on April 26 & 27, 2013 at the Peninsula Hotel, Makati City.

The most successful family businesses that lasted for generations have the right family governance system and a solid family constitution. To run the family business successfully, it is important to first manage all family business stakeholders effectively. Having the right family governance framework is the answer. It’s been proven worldwide that those family owned companies who have instituted the right family governance system are stronger and more united as a family in business, better at resolving conflicts, more competitive compared to others, are able to rapidly grow their businesses, have faster and better quality of decisions and more effective with their board and stakeholders.

The program will feature CGBP Family Business Center program director Ricardo Hizon Mercado, MBA. He is the founder of the Family Business Development Center, John Gokongwei School of Management of the Ateneo de Manila University where he taught for 15 years and was its director until September 2009. He has also taught Family Business Management in San Francisco State University and has been a resource person in Family Business seminars and regular guest speaker in the Family Business classes in Santa Clara University, University of San Diego in California and University of the Pacific, Stockton.