Harmonize the future of your family members, your businesses and your assets!
Harmonize the future of your family members, your businesses and your assets!
Our Family Constitution program has 4 modules, each of which is a value creator in its own right. We tailor the program to the situation and needs of your business. What we can promise you is that it will be a complex, insightful and sometimes demanding process, but one that will pay off many times over!
During the process, we help family members to be as honest as possible with themselves and with each other about their personal, business, ownership and family histories, roles, relationships, skills, values, career profiles, needs and aspirations. From this series of conversations, a set of definitions for the constitution will emerge, while creating consistency, informational symmetry and clarity within the family.
With family members who understand the family situation well, it is possible to effectively outline and specify future options, to choose procedures and to conclude agreements that are in line with the family's co-operation and differences.
You own a Family Business, but you don't need a Family Constitution? Contact us with confidence! Our team of experts, with decades of domestic and international family business experience, will be happy to tailor a proposal to your specific challenges.
The process of establishing the family constitution:
This is the first and therefore the most interesting, perhaps the most difficult, also probably the most important step towards having a family constitution. The values and the situation overview together explored, studied and discussed by the family members will be the basis for all further considerations. Family members should be as honest as possible, both to themselves and to each other, about their common and personal, business, ownership and family history, their roles, relationships, skills, values, needs and desires. These conversations both produce a set of definitions for the constitution and create consistency and clarity.
We help to clarify and compare the individual and joint visions of family members – concerning personal life, professional career and financial expectations – with the strategic possibilities of the business(es) and wealth. We help the essential parts of these visions in coalescing into one, with compromises acceptable to everyone. We will also examine how the family's future vision will interact with the company and asset management in a few years' and generations' time. Those families that know their family members' vision for the future are already on the finish line.
In practice, this module is where the family constitution is created. Basic definitions; the drawing of clear and enforceable boundaries between family, business and property; rules for everyday and extraordinary situations; formalised decision-making forums and informal solutions for their future operation; conflict management mechanisms. It can be either high level, clarifying only questions of value, or very detailed, covering specific issues. Domestic and international best practices can be used, it is our task to present and model them, but at the end each family will only be able to maintain the constitution it has created for itself! At this point in the process we usually involve legal and estate planning experts.
The family constitution is not a legal document. It is a set of agreements and definitions made between family members, based on a vision of the family and its situation. In the implementation phase we help to implement the elements of the family constitution in legal and property structures. Based on our experience ranging from the simplest wills to complex wealth structures, we help to plan and support the steps of implementation and then to channel its operation into family decision-making forums and institutions.
Following the program, reforming the legal and financial structure will take 1-2 years, based on the agreements made in the Family Constitution and the implementation plan.
Szommerné Egyed Linda
Logistics managerFino-Food Kft.
CEO, main ownerNord-Paper
Five years as an internal trainer, she established her organisational development practice in a multinational company in the service sector. Since 2010, she has worked in the field of organisation and business development. As a consultant, she is involved in the development of SMEs, start-ups, multinationals and family businesses. Her clients are
primarily to build on their resources to achieve the desired impact in their environment.
Organization developer, coaching psychologist, team-coach
Together with his brothers, he is the second generation owner-manager of Oasis Horticulture.With a wealth of practical experience in successful generational change and managing family-business conflicts.
The Boross family was among the first to recognize the need for a family constitution and then followed through with the process. David has been an active board member for ten years and since 2019 he has been the President of the Responsible Family Businesses Network in Hungary (FBN-H). In contrast to the domestic 1-2 generation businesses, the international FBN organisation has thousands of 3+ generation family businesses as members, from around 30 countries, from European, North and Latin American and Asian cultural backgrounds. David’s main motivation is to bring as much as possible of the wealth of international experience and knowledge on generational change to the owner families of domestic companies. “I don’t consider myself a senior, but I’m not nextgen either. I am an active businessman, a family business owner with an independent existence, a nowgen.”
He is also well respected in the horticultural profession, leading the Hungarian Association for Horticultural Auctions (MAKERT) since 2020 and is active in several professional organisations.
CEO and Owner, Oasis Horticulture, President, Responsible Family Business Network - Hungary
Tamás is a second generation high-technology entrepreneur. He is the principal owner and strategic leader of KÜRT Academy, a spinoff of the family holding KÜRT Information Security and Data Recovery Group. Mr. Kürti holds an MsC degree in organizational development, coaching and supervision. His social responsibilities include Board memberships of the Family Business Network Hungary, Family Business Network International’s Next Generation Committee, and the Board of European Family Business. He is a regular lecturer at several universities and a highly valued executive leadership and ownership team developer. He is a leading expert of agile and digital organizational transformations.
Founder, Institution leader, Business Arhcitect, OD expert
As owner-manager, he built a medium-sized company group from a small business. After ten years, he and his brother, who is also a partner, took a conscious step towards succession and transfer of power. Today he is only owner in their company group which is 20 years old this year. At the same time, he trained as a coach and organisational development specialist, which has become his new profession. He supports his clients to recognize their stagnation, find the energy to change, feel more comfortable in their own skin and do their work. András works in Hungarian, Romanian and English.
Coach, Gestalt therapist
Head of the Hungarian office of Vienna-based Bank Gutmann AG, the leading family-owned private bank in Central and Eastern Europe. He holds a degree in law and economics and completed a management training course at the IESE Business School in Barcelona. He is the initiator of and participant in several initiatives for family businesses in Hungary and Central Europe. He is a member of the Board of the Association for Family Businesses in Hungary, which he founded in 2009 and later chaired its Ethics Committee. He is the organiser of the Gutmann Family Business Professional Day, a series of professional workshops throughout the region now in its seventh year. He is one of the initiators of the publication of David Bork’s The Little Handbook of Family Business in the region, including in Hungarian.
CEO, Gutmann Bank Hungary
Why choose us?
- We also are or were family entrepreneurs. We know why it is difficult and why it is special, efficient and even gratifying to build a business with family members.
- We had the opportunity to observe closely countless domestic and international family businesses and succession challenges.
- Our approach is based on four disciplines: in addition to financial and legal expertise, we also focus on behavioural science and management methods.
- We are said to be characterized by "honest cheekiness". We say what we see and think, but with a constructive intention and manner.