Most Family-Owned businesses manage their portfolios through the annual review of a barely evolving budget. Such an approach can hinder unlocking the true range of strategic options that the family enterprise has.
Okeili&co adopts a medium to long-term approach by taking on a non-executive independent board seat to promote a Value-creation Board focused on:
Driving the right boardroom discussion, exploring new areas to enter and optimizing across existing businesses to set strategy and rationalize portfolio
Empowering family dominated boards to follow strategy through by shifting attention to management performance
Improve management ability to translate strategy into execution with the right linkages, resources & measures
“Dollar” Board
Value-Creation Board
Motivation from finance
Highly monitoring
Focuses on control
Focuses on distance and hostility
Highly independent
Do not trust and is not trusted by management
Motivation from Strategy
Highly participative
Balances control and contribution
Balances distance and proximity
Balances independence and interdependence
Earns competency-based trust
“Yes Sir” Board
Social Board
Motivation from “Articles of Association”
Sleeping board
Meets to meet and sign management decisions
Indifferent on proximity or distance
Dependent and dominated by management
Indifferent if trusted or not
Motivation from friendship and social ties
Collegial board
Focuses on contribution
Maintains proximity
Interdependence
Trusted and loved by management
The different styles of Family-Run Board of Directors
Sample Work Contributed
Took a board sitting mandate on a global Family-Owned business in Lighting & Power Distribution to cultivate a culture of Strategy and Effective Governance by enriching the boardroom dynamics, setting up the right committees, establishing the delegation of authorities and elevating above operational matters to drive and set strategy covering value creation, growth and diversification alternatives