{"id":21161,"date":"2021-05-28T13:08:21","date_gmt":"2021-05-28T10:08:21","guid":{"rendered":"https:\/\/sbs.strathmore.edu\/?p=21161"},"modified":"2025-01-23T12:13:21","modified_gmt":"2025-01-23T09:13:21","slug":"family-business-constitution-fbc","status":"publish","type":"post","link":"https:\/\/sbs.strathmore.edu\/en_gb\/family-business-constitution-fbc\/","title":{"rendered":"Family Business Constitution (FBC)"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling cv-program-inner-page-intro-box\" style=\"--awb-border-color:#84191f;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:40px;--awb-padding-right:40px;--awb-padding-bottom:40px;--awb-padding-left:40px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-tabs fusion-tabs-1 clean vertical-tabs icon-position-left mobile-mode-accordion\" style=\"--awb-title-border-radius-top-left:0px;--awb-title-border-radius-top-right:0px;--awb-title-border-radius-bottom-right:0px;--awb-title-border-radius-bottom-left:0px;--awb-inactive-color:#f9f9fb;--awb-background-color:#ffffff;--awb-border-color:#e2e2e2;--awb-active-border-color:#00205b;\"><div class=\"nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-d3893105c5aaa31f432\" aria-selected=\"true\" tabindex=\"0\" id=\"fusion-tab-d3893105c5aaa31f432\" href=\"#tab-d3893105c5aaa31f432\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-network-wired fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>Introduction<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-75c91a8ff9af0b7a9a6\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-75c91a8ff9af0b7a9a6\" href=\"#tab-75c91a8ff9af0b7a9a6\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-clipboard-check fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>Description<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-4f63467857e120c54dc\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-4f63467857e120c54dc\" href=\"#tab-4f63467857e120c54dc\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-users fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>For Who<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-e48b8ee14154ea1a38d\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-e48b8ee14154ea1a38d\" href=\"#tab-e48b8ee14154ea1a38d\"><h4 class=\"fusion-tab-heading\"> Download the Family Business Constitution (FBC) Template<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-content\"><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-d3893105c5aaa31f432\" aria-selected=\"true\" tabindex=\"0\" id=\"mobile-fusion-tab-d3893105c5aaa31f432\" href=\"#tab-d3893105c5aaa31f432\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-network-wired fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>Introduction<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix in active\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-d3893105c5aaa31f432\" id=\"tab-d3893105c5aaa31f432\">\n<h2 class=\"fusion-text fusion-text-3\">Introduction<\/h2>\n<div class=\"fusion-text fusion-text-4\">\n<p>A Family Business Constitution (FBC) is a document that helps to manage the relationship between a family and its business. The FBC template provided here was developed jointly by experts from Strathmore University Business School (SBS) and <a href=\"https:\/\/sdrc.strathmore.edu\/\">Strathmore Dispute Resolution Centre (SDRC)<\/a>, a research center of <a href=\"https:\/\/law.strathmore.edu\/\">Strathmore University Law School.<\/a><\/p>\n<p>Family businesses get the FBC template for free and customize it to their own business with or without the help of experts from SDRC. Businesses that decide to customize the FBC template on their own are however requested to inform SDRC about that decision via email. This allows SDRC to inform those businesses of any subsequent updates to the FBC template and any FBC-related events among other services offered by SDRC including resolving disputes through mediations.<\/p>\n<p>To get a copy of the FBC template do fill in your details in the link below. These details will be shared with SDRC.<\/p>\n<\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-75c91a8ff9af0b7a9a6\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-75c91a8ff9af0b7a9a6\" href=\"#tab-75c91a8ff9af0b7a9a6\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-clipboard-check fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>Description<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-75c91a8ff9af0b7a9a6\" id=\"tab-75c91a8ff9af0b7a9a6\">\n<div class=\"fusion-text fusion-text-5\">\n<h2>Description<\/h2>\n<\/div>\n<div class=\"fusion-text fusion-text-6\">\n<p>Family businesses usually start out as simple organizations. But as they develop and grow they face greater complexities and challenges, often leading to tensions among the owning family over how they run the firm together. A common solution is a constitution outlining the values, principles and procedures that the family agrees to follow.<\/p>\n<p>They are important as they help in managing expectations, avoiding misunderstandings, specifying roles and responsibilities, fostering greater harmony, and ultimately making better decisions. If done well and followed, they offer a strong foundation for a sustainable future.<\/p>\n<\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-4f63467857e120c54dc\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-4f63467857e120c54dc\" href=\"#tab-4f63467857e120c54dc\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-users fas\" aria-hidden=\"true\" style=\"font-size:16px;\"><\/i>For Who<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-4f63467857e120c54dc\" id=\"tab-4f63467857e120c54dc\">\n<div class=\"fusion-text fusion-text-7\">\n<h2>For Who<\/h2>\n<\/div>\n<div class=\"fusion-text fusion-text-8\">\n<p>Entrepreneurs, Family business owners and Strathmore University Alumni.<\/p>\n<\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-e48b8ee14154ea1a38d\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-e48b8ee14154ea1a38d\" href=\"#tab-e48b8ee14154ea1a38d\"><h4 class=\"fusion-tab-heading\"> Download the Family Business Constitution (FBC) Template<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-e48b8ee14154ea1a38d\" id=\"tab-e48b8ee14154ea1a38d\">\n<script>\nvar 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style=\"--awb-padding-top:50px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 cv-program-t2-inner-page-section-header\"><h2>Developing Great African Leaders<\/h2>\n<p>For more information on:<\/p>\n<ul>\n<li>SBS activities including entrepreneurship programs:<strong> Ken<\/strong> on\u00a0<strong><a href=\"mailto:ktoroitich@strathmore.edu\">ktoroitich@strathmore.edu<\/a>\u00a0<\/strong>or\u00a0<strong><a href=\"mailto:enterprisecentre@strathmore.edu\">enterprisecentre@strathmore.edu<\/a><\/strong><\/li>\n<li>SDRC activities including the Family Business Constitution: <strong>Ivy<\/strong> on<strong>\u00a0<a href=\"mailto:iomondi@strathmore.edu\">iomondi@strathmore.edu<\/a><\/strong>\u00a0or\u00a0<strong><a href=\"mailto:sdrc@strathmore.edu\">sdrc@strathmore.edu<\/a><\/strong><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":21163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[74,435],"tags":[78],"class_list":["post-21161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family","category-project-based-programmes","tag-family"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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