Family Constitution

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:

Situation review

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.

Visions

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.

Agreements

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.

Implementation

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.

About us

Szommerné Egyed Linda

CEOFino-Food Kft.

We looked for a team, which will not be overpowered by the stronger family members. We understood the importance of taking reponsibility individually and got tools for getting out of our own sabotage situations. I felt secure the whole time, even when we talked about very personal issues.

Egyed Barna

Logistics managerFino-Food Kft.

My experience is that Kürt Academy has a unique knowledge regarding sustainable Family Business planning and implementation, which offers to owners in similar situations a chance to build a multi-generational, happy, successful and responsible family company.

Bodrogai Ferenc

CEO, main ownerNord-Paper

Now we can talk relaxed about business in the family. We don't expect impossible form each other, but support ourselves during setbacks. The greatest result is that we say out loud when we think differently, which starts the dissolution of the bottlenecks.

Experts

Brigitta Monostori
Organization developer, coaching psychologist, team-coach
https://www.linkedin.com/in/monostori-brigitta-38025160/

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.

 

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Brigitta Monostori

Organization developer, coaching psychologist, team-coach

Dávid Boross
CEO and Owner, Oasis Horticulture, President, Responsible Family Business Network - Hungary
https://www.linkedin.com/in/david-boross-a7401184/

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.

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Dávid Boross

CEO and Owner, Oasis Horticulture, President, Responsible Family Business Network - Hungary

Tamás Kürti
Founder, Institution leader, Business Arhcitect, OD expert
https://hu.linkedin.com/in/tamaskurti

Second generation entrepreneur, head of the KÜRT Academy, owner. He works with first and top managers and owners of companies to significantly improve their strategic and management effectiveness, collaboration and value creation. His interests focus on the interplay between human nature and technological efficiency.

Previously, he led the research and development business at KÜRT Information Security and Data Recovery Ltd., and before that, he served as Chief Strategy Officer at USAnotebook.com. He holds a bachelor’s degree in technical management with a major in entrepreneurship and a master’s degree in organizational development and coaching with a major in innovative team development.

His social responsibility included renewing the leadership of the KÜRT Foundation High School and founding the Association of Responsible Family Business in Hungary in 2009, of which he has been a board member since then. In recognition of his achievements, he was elected to the board of the Family Business Network International Next Generation in 2010 and to the board of the European Family Businesses Association in 2011. He has since led owner-leader exchange programmes in all three organisations.

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Tamás Kürti

Founder, Institution leader, Business Arhcitect, OD expert

András Makai-Begidsán
Coach, Gestalt therapist
https://www.linkedin.com/in/andras-makai-a75b19b/

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.

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András Makai-Begidsán

Coach, Gestalt therapist

Szabolcs Varga
CEO, Gutmann Bank Hungary
https://www.linkedin.com/in/szabolcs-varga-046a756/

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.

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Szabolcs Varga

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.

Find our expert

Tamás Kürti Founder, Institution leader, Business Arhcitect, OD expert