- Upcoming Events Vlerick Alumni - Liesbeth De Ridder, Guberna - Louis Cauffman, Owner of Integrative Management Institute - Christ'l Joris, Chairman of ETAP Lighting

2. Family Firm Succession
June 27th 2013June, 27 2013

3. FINANCE ALUMNI BOARD
Vlerick Alumni Offices:
Reep 1 - 9000 Gent - Belgium
+ 32 (0)9 210 98 18
www vlerickalumni comwww.vlerickalumni.com

4. UPCOMING EVENTS
Events Organizer Date
Vlerick Alumni Sailing Cup MBA Alumni 20-22 September 2013Vlerick Alumni Sailing Cup MBA Alumni 20 22 September 2013
Meet the industry - Media :
Content is king
Finance Alumni September 2013
Vlerick Award Gala 2013 Alumni 19 October 2013

5. AGENDA
 Introduction
 Mrs Liesbeth De Ridder Guberna – The importance ofMrs. Liesbeth De Ridder, Guberna The importance of
governance
 Mrs. Sofie Lerut, Lawyer at Eubelius – Essential questions for
entrepreneurial familiesentrepreneurial families
 Mr. Louis Cauffman, Owner of Integrative Management
Institute – Emotional and psychological issues
 Mrs. Chrit’l Joris, Chairman of ETAP Lighting – Testimonial
 Q&A
 Reception

6. M D RiddMrs. De Ridder
Guberna

7. The relevance of governance
f ffor succession in family businesses
Liesbeth De RidderLiesbeth De Ridder
Secretary General
GUBERNA
(Belgian Governance and Director’s Institute)
s reserved
(Belgian Governance and Director s Institute)
© 2012 All rights

8. 8
What is GUBERNA?
- Belgian Governance and Director’s Institute
- Chairman: Luc Bertrand, Ackermans & Van Haaren
- Executive director: professor Lutgart Van den Berghe
- Governance research & development of tools
- Courses on board effectiveness and director effectiveness
- Network of more than 1500 company directors
htsreserved
- Knowledge centre for policy makers both on Belgian and
European level
©2012Allrig
“Content inspires network, network inspires content”

9. 9
What is corporate governance and where
does it come from?
“Power corrupts and power corrupts absolutely”Power corrupts and power corrupts absolutely
“CG is about how a company is directed and controlled”
(Si Ad i C db )(Sir Adrian Cadburry)
htsreserved©2012Allrig

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Corporate governance:
underlying philosophy
 Doing things right & doing the right things & at the right time
 Not a goal on itself but a means
 A t f ‘ l f th ’ f th t i d A set of ‘rules of the game’ for the governance tripod:
responsibility and accountability
htsreserved
 Sunshine is the best of all desinfectants
 One size does not fit all
©2012Allrig
 Substance over form

11. 11
Sh h ld
Board of
di t
Share-
holders
Shareholders
directorsholders
Board of
DirectorsManagement Directors
Management
htsreserved
Family
©2012Allrig

12. 12
Family businesses: what’s in it for me?
 Add value to the business
 Professionalisation: organising governance and family Professionalisation: organising governance and family
governance
 Structure follows strategy Structure follows strategy
 Working with an active and effective board
htsreserved
 Risk management & reputation
©2012Allrig
 Impact external directors on boardroom behaviour & culture

13. 13
As to succession: tips and tricks from a
governance perspective
 Organise governance and family governance in tempore non
suspecto
 The role of external (independent) directors as mediators
 Create a role for everyone! Create a role for everyone!
 Anticipate, anticipate, anticipate!
htsreserved
 NEW! Vlerick Family Business Centre – prof. Hans Crijns
©2012Allrig

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THANK YOU !THANK YOU !
Liesbeth De Ridder
S t lSecretary general
GUBERNA
liesbeth.deridder@guberna.be
htsreserved©2012Allrig

15. M S fi L tMrs. Sofie Lerut
Lawyer at Eubeliusy

16. M L i C ffMr. Louis Cauffman
Owner of Integrative Management Instituteg g

17. Family Firm Succession:
keys to success
Louis Cauffman
www.louiscauffman.com

18. Challenges & SkillsChallenges & Skills
• For theFounder‐OwnerFor theFounder Owner
• For the Successor

19. tipstips
• Offer & deserve trustOffer & deserve trust
• Give & take is a learning process
h diff• Respect the differences
• Conflicts are normal
• Forgiveness & constructive criticism
• Show entrepreneurshipShow entrepreneurship
• Communication

20. Louis Cauffman
• FamilyBusinessPsychologistFamilyBusinessPsychologist
• Marcel Habetslaan 31
3600 G• 3600 GENK
• 0032 89 38 33 22
• www.louiscauffman.com
• Twitter  @louiscauffmanTwitter  @louiscauffman

21. M Ch i t’l J iMrs. Christ’l Joris
Chairman of ETAP Lightingg g

22. Family Firm SuccessionFamily Firm Succession
ETAP
Christ’l JORISChrist l JORIS
President

23. Family Firm SuccessionFamily Firm Succession
Succession planning can be a great opportunity
to create a multi generational institution thatto create a multi‐generational institution that
embodies the founder’s mission and values long
after he is goneafter he is gone.
Entrepreneurial drive
Ability to identify & to let go

24. ETAP
ll l hexcellent lighting – saving energy
Founded in 1949 by 2 founders
l t t– clear structures
– clear values
That pave the way for
‐ professionalism
‐ succession & transfer to next generations

25. ContinuityContinuity
Creation of structures on company level
professional management– professional management
– separation operational ventures & industrial patrimonium
– holding structure (StAK)
Creation of structures on shareholder level
‐ Shareholder “convention”
‐ charter

26. ProfessionalismProfessionalism
Management
l iEmployee representation
Board
Shareholders
Team President/CEOTeam President/CEO

27. Q&A
Finance Alumni Your Financial NetworkFinance Alumni, Your Financial Network

28. Thank you
Finance Alumni Your Financial NetworkFinance Alumni, Your Financial Network

29. Reception offered by ING
Finance Alumni Your Financial NetworkFinance Alumni, Your Financial Network