Building High-Performance Families
Thursday, April 18, 2013 • 8:30 am–3:30 pm
The Four Seasons, Chicago, IL
A limited number of hotels rooms have been reserved at The Fours Seasons for the evening of Wednesday, April 17 at a discounted rate of $295. Simply call The Four Seasons at 312.280.8800 and mention the Loyola Family Business Center block.
WELCOME
EVENT HOST
Sarah Richmond (G3)
President,
Dawn Foods Foundation
Join me April 18 for the Family Business Center’s first conference of 2013: Building High-Performance Families. Give your family business a strategic boost as we explore some of the most important facets of family business: ownership, finance, governance, innovation, and communication.
Check out the agenda below for a more in-depth look at our general sessions and choose-your-own breakouts. Be sure to invite other family members so you can divide and conquer to capture more strategic ideas. This is one conference you don’t want to miss. I look forward to seeing you and your family in April.
GENERAL SESSION
Family Strategy Overview
Andrew Keyt
Executive Director,
Loyola Family Business Center
Joe Astrachan
Executive Director,
Cox Enterprise Business Center
How will your family business achieve multi-generational success? Explore critical elements of succession planning and what it takes to create a family strategy that will help your business transition from one generation to the next.
Topics will include:
- Transitioning ownership
- Balancing financial needs of the family and the business
- Critical decision making and healthy communication
- Vision, values, and reason for being
MORNING BREAKOUTS
Session 1: Managing Liquidity, The Challenges of Dividends and Reinvestment
Rebecca Peterson (G4)
Family Council Member (Former Chair),
Sasser Family Holdings
Joe Astrachan (Moderator)
Executive Director,
Cox Enterprise Business Center
Do you have family members working outside the business? Learn to strategically manage the capital and reinvestment needs of your family business while meeting the financial liquidity needs of shareholders.
Topics will include:
- Important aspects of a liquidity plan
- Finite relationship between dividends, reinvestment, debt, and growth
- How other families have managed liquidity challenges
Session 2: Building a Strategy for Governance and Decision Making
Sarah Richmond (G3)
President,
Dawn Foods Foundation
Andrew Keyt (Moderator)
Executive Director,
Loyola Family Business Center
One individual can’t act as sole decision maker for a growing family business. Explore the advantages and disadvantages of different decision-making processes and get a behind-the-scenes look at how families use governance to make critical decisions.
Topics will include:
- Pros and cons of various decision-making methods
- How to decide which decision-making method is best
- How to outline decision-making in a family constitution
GENERAL SESSION
Creating Strategic Innovation
Jack Veale
Nationally recognized Speaker and Author of Creating Strategic Innovation
Walk through the life cycle of a family business and learn what you can do to create sustainability for the next generation.
Topics will include:
- Identifying your family business’s life cycle stage
- How family culture affects business culture
- Governance structures and the evolution of family boards
- Improving/changing your current life cycle stage
AFTERNOON BREAKOUTS
Session 3: Creating a Communication Strategy
Susan Kolavo (G4)
Director and Shareholder,
Ed Miniat Inc.
Heidi Vermeer Quist (G3) (Moderator)
Ownership Council Chair,
Vermeer Corp.
Overcome the complexities of communication commonly found within a growing family business and discover how to create strategies that inform stakeholders, build unity, and strengthen family relationships.
Topics will include:
- Making and communicating decisions
- How to deal with and resolve conflicts
- Managing roles and responsibilities
- Sharing info with different stakeholder groups
Breakout 4: Building an Ownership Strategy
Lauren Tracy (G3)
Business Development Manager,
Dot Foods
Anne K. Smart (Moderator)
Membership Director,
Loyola Family Business Center
Learn to create a strategy for managing ownership transfer from one generation to the next and its affect on both family and governance.
Topics will include:
- How ownership is passed from one generation to the next
- How shareholders are being prepared for ownership: by branch and generation
- Teaching the NextGen the responsibilities of ownership and governance
- How the NextGen perceives their preparation: what works and what doesn't
GENERAL SESSION
Wrap Up: Key Learnings & Action Steps
Revisit the day’s most important findings from the general sessions and all breakouts. gain insights and personally commit to implementing three action items in the months ahead.
For more information and to register, email us or call 312.915.6490.