Published February 22nd, 2021

Family Constitution Toolkit

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The FBCG Toolkit Series is designed to help family business stakeholders address the most pertinent issues affecting their family, business, and ownership. These Toolkits aim to serve as ‘how to’ guides that allow your family business to learn about core principles of a specific topic and take action.

The Family Constitution Toolkit is intended to introduce families to the concept of a family constitution. It covers key things to think about and questions to ask, such as how to manage the process of developing it, how to implement it successfully, how to involve stakeholders and ensure buy-in by the family.

This toolkit is designed in a way to offer a roadmap for developing your family constitution and consider all the important factors along the process. The family constitution can vary in form and content from one family to another. For that reason, this toolkit is not prescriptive. You may also use this toolkit as a reference to start discussions and create alignment with your family members and advisors.