Family Business

Family BusinessPresented by: Akshay Bansal, Chetan Khandelwal & Amir Malik1

IIPMIntroduction One or more members/families Garner more than 20% of the voting rightsBrothers and sistersIdeas & commitment

2IIPMFamily business documents

3IIPMAdvantages

4IIPMDisadvantages

5IIPM

6IIPMComprehensive plan

7IIPMThree circle model of Family Business

Family163752BusinessOwnership4

8IIPM8Steps of drafting a family constitution

9IIPMSteps of drafting a family constitution

10IIPMFactors that lead the companies for a family businessSuccess planningInformality EmotionsTraining Exit strategyVision

11IIPM

Similarities in family constitution Conflict resolution strategies are decidedVoting rights and family representation is decidedBusiness make a family council which decides the ways of staying together

12IIPMDifferences in family constitution Different takes on women representationDifferent voting rights in different firmsWay of operating of family council is different

13IIPMDifferent types of sharesNon voting ordinary rights

Preference shares

Preference shares which are redeemable

14IIPMReliance Dhirubhai Ambanis death

Conflicts

Business separation

15IIPMEscorts Diversify into telecom and healthcare

Policies forced to sell telecom

Healthcare Fortis

16IIPMConclusion Conflicts

Understanding

Reliable professionals

17IIPMThank You

18IIPM