Keeping the Family Farm in the Family – Part 3
October 29, 2013
Downey Brand and Westmark Group Program
From 10:00am – 12:00pm
“How to Build a Great Team and Create the Foundation to Succession.
The focus of this program is how to develop a great team of managers, directors, advisors and employees. This is not a simple process.
This series, Keeping the Family Farm in the Family, is designed to address critical issues facing multigenerational family owned businesses. For example, production agriculture throughout the U.S. is rapidly aging with the average age of a California farmer being 58 years old.
Downey Brand, the largest law firm in the Central Valley which was founded in 1926, and the Westmark Group, a leading strategic consulting firm founded in 1988, have joined to use their collective experience with family owned businesses to develop a framework for best practices, to identify common sources of family business failures, and to share how they may be avoided. Both firms have extensive experience with family businesses, particularly those in agriculture.
Topics Will Include:
- Identifying the issues that often arise in employing and disciplining family members.
- Developing an executive compensation program and others arrangements with family and non-family key managers.
- Determining the role of Boards of Directors and the use of outside Directors or Advisory Boards.
Downey Brand LLP is the largest law firm based in the Central Valley, and its attorneys have been advising family-owned businesses for more than 85 years. The WestMark Group is a leading strategic agricultural consulting firm that advises many large family-owned farming and ranching enterprises in California and a number of other states in the West.