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Family Council Handbook

Author Name: BAF Consultants | Format: Hardcover | Genre : Business, Investing & Management | Other Details

Families around the world disintegrate due to a variety of reasons: difference of opinions, gap in value system and aspirations, and hurt in relationships. However, select families around the world have not only managed to preserve their togetherness, but have thrived well despite internal and external challenges. What differentiates these families from others? They share certain characteristics: presence of a strong internal champion, shared vision and goals, decision making mechanism, platforms for family and business communication amongst others. However, the key characteristic for their success is the value placed on “Family Bonds”.

BAF Consultant’s Family Council Handbook is designed with the aim to guide family businesses on developing skills and abilities to continuously nurture, enrich and strengthen the family relationships through a platform called the “Family Council”. The core purpose of this platform is perpetuation and growth of both family and business and welfare of all the members.

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BAF Consultants

BAF Consultants is a team of professionals who deeply and passionately believe in the institution of the family. The team at BAF researches, experiments and works in the area of human behavior in the context of family and close-knit teams. The core area of their work has two dimensions:

1.Strengthening awareness in individuals for understanding their own feelings and needs as well as those of others

2. Strengthening alignment between individuals by building their skills to find common ways to address their needs

The key offerings include conflict resolution and strengthening of relationships in family businesses, creating and implementing family and business constitutions, setting up the family council, family business board and family office, amicable separation in the family business, induction of family members in business and coaching of business leaders.

Founded in 2004 by Anil Sainani, a pioneer in South Asia on family governance, BAF Consultants’s robust team consists of professionals with diverse backgrounds and rich experience making them the only firm to offer the entire range of family governance services. They have worked with more than 350 business families across South Asia and the US which include small businesses (Creative Travels, Kanohar Electricals), medium businesses (RMZ, Biological E Ltd.) as well as large business houses like Godrej, Dalmia, Kirloskar and Shrirams.

Kellogg School of Management, USA, and Indian School of Business, Hyderabad, have made a film on the first family business intervention done by Anil in his own family. Triumph of Togetherness and Good Values, Great Businesses are other books authored by the BAF team members which are endorsed by notable business leaders.