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Family constitution and Charter

BAF Consultants > Articles  > Family constitution and Charter

Implementing the Family Constitution: What Lies Ahead

A dream is only a dream until it’s turned into reality, a plan is only a plan until it’s executed; their commercial value is zero until then. But as soon as something is on the ground, the value gets created, people can see it, feel it and benefit from it. Similarly, just writing rules and guidelines on a paper and calling it constitution is not enough. Creation of constitution is the creation of the framework for governance. The real journey is actually implementing it. And it’s tough! Why? Multiple factors are involved, like, while creating the constitution, people feel overly enthusiastic and...

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