Governance
According
to a survey conducted by Mass Mutual and the Family Firm Institute, only 1 in 3 mid-sized U.S. family businesses have an active
board of directors. Of the 33% that meet regularly, only half are thought to be "outstanding."
Quite often there is significant room for improvement not only in the frequency of board meetings, but also in
the effectiveness of the meetings when they do occur.
The consultants at BPSolutions are able to work
with your management and family so that they are more comfortable with the prospect of professional assistance where
needed. We will facilitate transition to regularly agended board meetings and actually particpate informally
to help make them more meaningful and productive. The goal is to establish a structured environment for dealing
with all of the businesses' issues and aspirations.