Corporate governance and its importance for the preservation and growth of family legacy

Corporate governance encompasses strategic, operational and business management elements, which harmonize the functioning of shareholders, the Board of Directors, committees and Senior Management, as well as its relationship with suppliers, customers, employees, regulators, banks, among others. other interest groups, always with the intention of being a tool that generates sustainable value and leads the organization to success.

Having a robust family and corporate governance protocol also makes the difference between success and failure.

Today, family businesses in Latin America are one of the main drivers of national economies, but they face great challenges to ensure their long-term permanence.

It is possible to say that, based on the establishment or, where appropriate, strengthening of corporate governance, family businesses can take advantage of different competitive advantages to give greater vision and balance to their decisions, allowing them to grow and develop in the long term.

On this occasion, we will delve into the importance of having a Corporate Governance System and share some tips on how to start its implementation.

Topics to discuss:

• family council
• Board of directors
• What is corporate governance?
• What basic principles should a good government system contain? Corporate?
• Succession plan and its relevance within corporate governance.
• Benefits of corporate governance in family businesses.
• Where to start?
• What is the role of the shareholders' meeting?
• What is the role of the board of directors?
• Risks of not having corporate governance.

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