Governance & Family Businesses

We are pioneers and leaders in the field in Latin America. Over the past 25 years, we have helped over 150 families across the continent, identifying and implementing practices that allow them to manage challenges unique to family businesses, which often threaten their very existence.

Services

Family protocol

Formulation of agreements in the family-business relationship.
Follow-up on the execution of agreements.
Support in the execution of specific issues required in the short-medium term: succession plan, compensation arrangement, implementation of the family structure.
Support in the implementation of the asset structure.

Shareholder protocol

Formulation of agreements in the shareholder-company relationship.
Follow-up on the execution of agreements.
Support in the implementation of the asset structure.

Governance

Formulation of corporate governance policy.
Search for external directors.
Support in the Board of Directors.
Coaching for the Chairman of the Board.
Implementation of the evaluation tool (Board of Directors and/or its members).

Our methodology

Family protocol

This document, also known as family constitution or magna carta, is a set of provisions, procedures, mechanisms, and agreements that regulate the relationship between the family and the business. It addresses topics such as family commitment, the incorporation of family members into the business and their compensation policy, conflicts of interest, control and management of assets, governance, and management succession.

Governance policy

“For Latin American companies, governance is the most important factor in strategic execution. In all our processes, it is the ‘backbone’ to ensure the strategic transformation of a company.”

A Board of Directors that applies modern governance practices is essential to ensure not only that a company maintains direction and makes objective decisions for the business, but also ensures the implementation of agreements made by a family or shareholders in relation to the company.

In Latin America, Boards of Directors, which are the central point of all Governance, often lack clear roles and functions, have low involvement of directors or, alternatively, inconvenient co-administration, and lack the discipline and commitment for effective management.

Our processes address all these issues by evaluating and redefining the overall role and most important specific functions of the Board of Directors, as well as other governance bodies of the company.

Success cases

In Dominican Republic

We successfully worked with a family-owned company, where we were contacted by the founder who struggled for 10 years to achieve a successful management succession. The result was consolidating the family legacy and ensuring business continuity.

In Costa Rica

A Costa Rican family-owned company successfully implemented a high-level Board of Directors for 15 years. The formation of this structure allowed for better decision-making, greater control and transparency in management, and the professionalization of the company.

In Honduras

Clear rules were established for the entry of family members into the business and for how they are compensated.

In Ecuador

Rules were established for managing conflicts of interest among members of an Ecuadorian family and business collaborators.

Our team

Esteban Brenes, PHD

Founding Partner

CEO

Kryssia Madrigal, MBA

Partner Director

Governance &

Family Businesses

Gabriela Rojas

Senior Consultant

Governance &

Family Businesses

Caleb A. Pichardo

Analyst

Governance &

Family Businesses

Contact us

We understand the importance of robust corporate governance for family businesses. We establish strong Boards of Directors that lead with clarity and objectivity, while maintaining the family’s vision in the business. Contact us today and start building a successful business legacy for future generations.