What is a Family Council Meeting?

A family council is the organizational and strategic planning arm of a family, where all members meet to decide values, policy, and direction. It is the vehicle for addressing and exploring family concerns that influence the business and family.

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Gordon’s Top 10 Rules for Succession

A list of 10 things that Gordon Wusyk has discovered over the last 30 years of advising business families

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Telus Health Launch & The Mustard Seed

Gordon was inspired today to attend the launch of the Boyle McCauley Mobile Health clinic powered by TELUS Health in Edmonton as the Mustard Seed Development representative.

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Philanthropy

Many business families are strong supporters of their local communities and the charities they support can make a real difference.  There are many reasons why these entrepreneurs pursue philanthropic paths, including giving back to the communities that have helped them, engaging their employees and building culture, living out their values in their home town, sharing their wealth with others, giving in a tax-effective manner, and on and on. There seems to be no end to the good reasons we hear for business leaders wanting to support worthwhile charities.

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Autumn 2019 Generations Governance Newsletter

Governance typically involves well-intentioned people who bring their ideas, experiences, preferences and other human strengths and shortcomings to the policy-making table. Good governance is achieved through an on-going discourse that attempts to capture all of the considerations involved in assuring that stakeholder interests are addressed and reflected in policy initiatives.

For more information about governance, Family Councils, Advisory Boards and how we can help you read more at Autumn 2019 PFI Generations Newsletter


The Three Circle Model

In the 1970’s at Harvard University, two professors (John Davis and Renato Tagiuri) developed a model which illustrates in a powerful way how the dynamics of a family engaged in business differs from a traditional (non-family) business. The model – subsequently known as “The 3 Circle Model” – has become a standard within our understanding of family business, across the globe.  This is not surprising, since the model accurately and yet simply depicts some of the key and profound ways families in business interact.

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The Global Value of Family Enterprise

For years, I travelled the world, and was quite frankly oblivious to the pervasive nature of family business everywhere I went. As I reflect on it now, in Asia, Europe, North and South America as well as Africa, families working together in business is not only common – it is the norm for business ownership, by far!  From the factories in Asia producing goods for the world, to the corner fruit seller in Africa, relatives working together in commerce are everywhere.

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Loyalty & Harmony (The Dark Side)

Two key values of most families working together in business (and families as a whole) are loyalty and harmony. Who wouldn’t want these in their family after all? And values that are strong in a family are almost always strong in the businesses they run as well.  In general, this is a great thing. Loyalty given and received within the business can create longevity in the employees, with lower turnover and deep experience as a result.

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Canada’s CEO Trusted Advisor Award Nomination!

Congratulations to Predictable Futures on being nominated for the Canada CEO Trusted Advisor Award!


The Importance Of Current & Effective Documents

One of the questions we regularly ask clients is “do you have an up to date will?” The most common response is an admission that there is no will, or that their will is out of date, “but we are planning to get them updated.” This is very understandable. Wills and other legal documents are put in place less for active management of our day to day affairs, and more for guidance when things are not going the way we would like (eg. death, divorce, partnership break ups, and so on).

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