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Implementation of family constitution

BAF Consultants > Articles  > Implementation of family constitution

Togetherness expands Freedom

Fulfilling expectations and at times going beyond them, is love and caring in action. It strengthens bonds of togetherness. Expectations are the essence of relationships. In reality, there is no relationship without expectations – even in parent child relationship, there are moments when one has some expectations from his/her offspring. So, let’s accept the reality of expectations. Unmet expectations are the root cause of all pain, disappointments and breaking of relationships. The perceived burden of expectations restricts one’s freedom and weakens and breaks the bonds of togetherness. It is perhaps, the most important cause of breaking of relationships – joint families...

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Auditing the Family Constitution – Way to Strengthen Compliance

India’s economy has a major contribution of family owned and run enterprises. Until a decade ago, family owned businesses were run by informal unwritten rules rooted in Indian culture and traditions. Then lately, pioneers like Burmans of Dabur, GMR Group and others, brought about a trend of creating family constitution which essentially laid down different rules for running the family and business in such a manner that both are preserved and strengthened. This concept of creating the family constitution in recent times has spread and scores of families have gone on this path. However, like any other growing trend, creation of...

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