Family Business – Governance

Ideal for business owners, successors, and leaders of family enterprises.

Good governance in a family business is the framework that enables the company to transcend generations. It means providing structure, discipline, and a long-term vision so that the family legacy relies on shared rules. Governance defines who makes decisions, under what criteria, and through which mechanisms. Tools such as a family protocol and formal succession policies professionalize decision-making, reduce improvisation, and strengthen credibility. Governance creates an institutional space to manage disagreements without fracturing family unity, aligning expectations regarding dividends, reinvestment, and roles within the business.

Presenter: Manuel Morales, Jr.

Founder of six family businesses. Board member of four family-owned companies. Author of three books on family entrepreneurship. Professor of the Family Business course at the Metropolitan Campus of the Inter American University and instructor on the subject at the Puerto Rico Society of CPAs.

Topics to be Covered:

• • What governance is — and what it is not
  • Why governance is necessary
  • Governance and Management
  • Structures and tools
  • The foundation of succession and continuity