In This Episode:
After interviewing Chris, I decided to split this interview into two parts.
Welcome to Part Two!
*you can find Part 1 HERE.
In this episode we finish (for now) the conversation about getting started in family councils with expert Chris Eckrich.
According to Chris, “a Family Council is a group that serves as an executive team or representative body of a broader enterprising family.”
In Part 1 of this two part series, we talked about Getting Started. In this episode, Chris highlights 10+ best practices he gathered from his decades of experience working with multi-generational family enterprises.
Here are the questions I asked during my interview with Chris Eckrich:
- What are the best practices?
- What advice do you have for those tasked with starting a family council?
- What is the role of legal council?
- Who needs to be in the room for a family council to be successful?
- What characteristics does the ideal family council leader possess?
A senior advisor of The Family Business Consulting Group, Chris Eckrich specializes in building leadership excellence and maintaining family unity in enterprising families. He assists family owned firms in preparing future owners and leaders, forging alignment on goals, and establishing orderly continuity plans that maximize effective leadership transition and prevent conflict during the transition. He also provides family members with skills and strategies to successfully manage working relationships and reduce the inherent conflict that is present when family members work together. In his work, Chris assists family owners in developing family agreements and, when needed, family constitutions.
Chris’s family history of entrepreneurship in meat processing and other industries provided the impetus for his commitment to the family business field. His clients include family businesses from a wide variety of business sectors and other asset-owning families. He has presented at national conferences and regularly gives seminars and workshops on family organization and governance, succession planning, building leadership, managing relationships, and preventing conflict in business and asset owning families. Chris has served on several review committees for the Family Firm Institute. He has published in academic and business publications, and co-authored The Family Council Handbook: How to Create, Run, and Maintain a Successful Family Business Council, a comprehensive resource for enterprising families seeking to organize themselves to achieve long-term family and business goals.
As an adjunct faculty member at The University of Notre Dame, Chris taught Family Enterprise Strategy to both MBA and undergraduate students, and has been involved in alumni education activities related to the topic. He also served as a founding advisor to a university-based education center for family business owners and their families, where he led the Next Generation Leaders group.
Chris and his wife, Carol Ann, live in Ft. Wayne, Indiana with their three children. They are actively involved in their community and their church in a variety of leadership activities.
Next Generation Education & Leadership Development
Succession & Continuity
Conflict & Communication Management
Family Council Development
Alignment Around Policies/Family Constitutions
Outstanding Doctoral Dissertation Award from the Family Firm Institute
Chris received a B.B.A. in organizational behavior from Notre Dame and earned both a master’s degree and Ph.D. from Purdue University.
How to find Chris:
Resources From This Episode:
Subscribe to the Successful Generations Podcast
Don’t risk missing out on any of the fun that is to come.
Want more of Successful Generations?
Want more episodes of the Successful Generations Podcast? Get them here.
Have a topic suggestion?
If you are the next generation of family business, philanthropy and wealth, and have a topic you think we should discuss, let us know at Ellie@successfulgenerations.com.