Appointing non-family board members to the Family Business Sha is the third-generation director of a mid-sized and progressive medical company. His grandfather started the organisation on a very small scale in a small town in UP. The Board of the organisation...
Sound Management and the Family Business A Family business is the pillar of family assets. A special attention should be given to it in a Family Charter. Who manages the Family Business? Family members and/or others? They may be assisted by consultants and...
Enforceability of Marital Agreements An important issue for the couple is whether the marital agreement will be enforceable. Generally, it will be upheld if it was entered into voluntarily and is not unconscionable. There are several facts the courts will look at...
Marital agreements help entrepreneurs to safeguard themselves and their families against any claims from third parties. They can be also useful to protect their company in the event of a divorce, and in the event of their death or incapacity to act. What are the...
Part 2 of Example of a Family Covenant Suggested format of a family covenant with different clauses, as may be relevant, part 2 of 2, clausues 8-16. 9. Ownership and transfer of Company shares Review (and amend if necessary) ownership structure with regards to...
