Why a Forum only for family firms?
Family businesses face unique challenges. In addition to all of the fundamental issues involved in operating a business, families in business must address a number of other important concerns, including:
Developing visions for the family and business that are mutually compatible
Selecting and preparing successors
Planning for estate taxes and ownership transfer
Developing fair and effective compensation strategies for family members as well as non-family employees
Developing and implementing governance structures
Fostering open and productive communication
Creating productive roles for family members who are not active in the business
Managing conflict within the family and business
Attracting and retaining non-family managers and employees
What to Expect from a Forum Seminar
A typical Family Business Forum seminar consists of from 30 to 50 attendees – representing two or three generations - with family and non-family members - from various types and sizes of businesses. Representatives from sponsoring organizations are also present at seminars to offer their expertise when appropriate. Seminars vary in content and format. Some feature family business experts while others include panels of members and sponsors.
Three 3-Hour Breakfast Programs
These sessions are designed to provide members with ample time to fully explore issues with the aid of national experts, while offering enough time to return to the office for the better part of the afternoon. The day begins with continental breakfast at 8:00 a.m.
Two 2-Hour Breakfast Programs
These two-hour sessions focus on subjects of timely interest to members, and often feature regional experts or panels of Forum sponsors and members. The seminars begin at 8:30 a.m. and finish by 10:30 a.m. Continental breakfast is included.
Updates on Legal, Financial and Other Important Issues
Each Forum seminar features brief updates by one or more professionals on current or developing business issues relevant to family businesses.
Peer Group Meetings
These meetings allow members to join together in small groups to meet with each other and a facilitator to discuss issues which they identify as important to them. Participation in a Peer Group complements the Forum sessions by allowing members to further explore issues, many of which are generation-specific, in a smaller, more intimate setting. For example, there are groups for the Successor Generation and for Owners and Founders.
An Annual Social Gathering
The relationships that develop among members are one of the greatest benefits of membership. The December holiday gathering is an opportunity for members, sponsors and University representatives to relax and get to know one another better in a purely social setting. Musical entertainment, gourmet hors d'oeuvres, prizes, and reconnecting with friends old and new all contribute to a lovely and festive evening in the historic and elegant Lenfell Hall in FDU's Hennessy Hall.
Subscription to the Rothman Ink
Rothman Ink, the Institute’s newsletter, keeps Forum members apprised of issues related to entrepreneurship as well as the various programs which fall under the auspices of the Rothman Institute. Previous Family Ink Articles
Free Access and Reduced Fees for Rothman Institute Programs
In our member's words:
“The bottom-line in family leadership is our relationship with loved ones. The workshops and group sessions shape gifted people into authentic leaders who can better balance compassion and command while creating wealth for stakeholders.”
- Tom Sutherland, Sutherland Packaging Co.
“It is nice to know we are not alone; other family businesses struggle with similar issues. The Family Business Forum has provided a means for us to learn how other families have successfully dealt with business issues we are facing. The Forum is much more than just a series of seminars.”
- Mary Speckhart, White Conveyors, Inc.
For More Information
The best way to learn about the Family Business Forum is to experience a seminar first-hand. If you are interested in attending an upcoming session as our guest, or you would like to speak with us or a current member about the Forum, please contact Timur Pakay at the Rothman Institute at 973-443-8842.