FBUK Magazine Edition 2 December 2024

FBUK Masterclasses Launched in 2024, FBUK Masterclasses

tips, tricks and insights on a variety of aspects of owning or running a family business. FBUK Masterclasses focus on four key aspects of owning, running, working in or for a family business: Ownership, NEDs, Succession and Governance. In 2024, speakers, panellists and case studies came from a wide range of family businesses, including:

FBUK Masterclasses give family business owners and employees unparalleled access to subject matter experts and prominent family businesses

give family business owners and employees unparalleled access to subject matter experts and prominent family businesses. All provide their unique perspectives and learnings on family business life in a confidential, peer-to-peer learning environment. With a new series planned for 2025, these 1-day programmes give ample opportunity to make lasting connections and walk away with

Ownership l Exploring the different models of ownership, and the relative pros and cons of each l Expert insights on structuring shares, trusts, tax, non- family management, ownership transition and succession l Peer-to-peer working group sessions and ideation workshops to explore new ways to approach the evolving and unpredictable nature of family business ownership, responsible stewardship and the role of trustees l Personal accounts of successes and failures both day- to-day family business management and ownership, as well as during key transition stages such as succession A great opportunity to network with family business peers, with a strong culture of sharing best practice and supporting each other to learn and develop

A superb selection of speakers on relevant and interesting topics with first class engagement with attendees

NEDs l An introduction to the unique role and nuances of a Non-Executive Director (NED) in a family business l The value NEDs can bring, knowing when to hire, and how to make the most of their interactions and relationships with other Board members, and the wider family l How to find, identify and recruit the ‘right person’ for both your family and the business – and successfully induct and onboard them l Real life case studies and personal accounts of when it’s worked well (and hasn’t!) – backed up by insights from independent subject matter experts Governance l An introduction to the fundamentals of good governance in a family business context l Working groups on topics ranging from responding to tax and regulatory change; navigating policy and political uncertainty; responding to geopolitical risk; the values and priorities of the emerging generation; the impact of ESG, sustainability and environmental factors on established business models and operations l Effective models and structures to build resilience into family business governance

Succession l How to align family and business purpose in the

succession process, navigating the complexities of family dynamics whilst preserving legacy, and implementing change across generations l Exploration of each person’s role and responsibilities in the succession process, and group workshops that explore each person’s role l The importance of effective communication and engagement l Personal accounts of the success process; the highs, lows and everything in between

To find our more about FBUKs Masterclass series, please visit: familybusinessuk.org/event-category/masterclass

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