In family protocol will include all aspects that are vital to the business, it is best to cover the following topics:
- Brief history of business: origins and founder considerations
- Description of the essence of politics and business
- Business Scope
- Majorities required to adopt resolutions
- Legal status of the stock or shares
- Criteria for composition and functioning of the family organ
- Criteria for establishing the composition of the board
- Description of the functions of each family, and their remuneration
-Formation of each of the family members working in the business
- Forms of regulation to include family members in the business
- Output Covenants family members
The family members themselves are the ones who will determine the extent and content for this management tool.
Here are some basic guidelines that should be followed for the development of the protocol with an ordered structure.
It may include some sections on the origin and the founder of the business, its policies, a description of the main activities, its scope of action and so on.
Social pacts or statutory
Have institutional or corporate nature. They are, for example, those related to the legal regime, stocks or shares, the criteria for establishing the composition of the board of directors, potential voting pool agreements, the majority required to adopt resolutions in both the council administration and in the general meeting, etc..
Such agreements may be incorporated into the bylaws
Shareholder agreements or extraestatutarios
It is advisable to establish such agreements to regulate relations between the family and the business. for example it is useful to develop rules governing the incorporation of the company family, functions that will develop and retribution that will obtainable by them. Furthermore, other covenants Extra statutory of vital importance to the family business covering topics such as the departure of family members of the business and the qualifications required of the successor's founder and relatives who work in it.
Also in the family protocol may include penalty clauses that punish noncompliance with its obligations under the protocol, always taking into account the terms under civil law
This kind of agreement can not be incorporated in the bylaws
Family character Bodies
Another familiar protocol must refer to the criteria to be adopted for the organization, composition and functioning of organs called relatives, who are the joint family, family counseling and monitoring committees family protocol, training of younger members of the family and their remuneration
The family protocol usually ends with a closing clause, as a matter of protocol. In it are included the so-called clause with gratitude, in which is expressed the family's gratitude to the founders of the business and all who contribute to the survival and expansion.