Overview

Description

FINPYME Family Business arose from the need to promote good corporate governance practices among SMEs by helping them improve their succession planning, operating protocols, and board of directors or family council handbooks.

Business, property, and ownership issues all converge in family businesses, often leading to situations in which emotions can influence planning or business decisions. This makes managing a family business more complicated, especially as the business and the family grow.

Maintaining a balance among all these factors calls for forums and platforms that address key family issues like succession, bringing family members into the business, distribution of dividends, and continuity of the company in the long term. The governing bodies should be set up in such a way that owners and family members can be involved in guiding the business.

FINPYME Family Business seeks to disseminate good governance practices and put effective family business governance tools and structures in the hands of business families and owners alike. To do so, it organizes family business governance workshops, trains family business consultants, and promotes research on family business issues.

Donors and Partners

Donors

FINPYME Family Business has been funded to date by the Governments of:

  • The Republic of Korea through the Korea-IIC SME Development Trust Fund
  • Spain through the Spanish General Cooperation Fund

Partners

FINPYME Family Business takes a two-fold approach: it works through SMEs to help develop the local business fabric, and it provides them with state-of-the-art knowledge and high quality family business services.

That is why FINPYME Family Business partners with local institutions that have strong ties to SMEs and with eminent local and international consultants. Among the partner institutions are:

The professionals that facilitate FINPYME Family Business courses and workshops come from organizations such as: