Advanced Management Forum - Curriculum
Complexities and Opportunities in Family-owned Banks: A Family/Owners’ Workshop
January 17-20, 2016
OMNI Rancho Las Palmas, Palm Springs, Calif.
Enrollment Deadline: December 15
Content will focus on individual and family skills to strengthen leadership and bolster trust, as well as recognizing the business challenges and opportunities faced by family-owned banks. We will also describe universal challenges and opportunities that are often left un-leveraged.Content and exercises will cover the following areas:
Sunday, January 17
Welcome and Opening Remarks
6:00-6:30 – Meet and get to know fellow participants
Monday, January 18
Universal and Personal Complexities and Opportunities within the Family-owned Bank
8:30-10:00 – Group Lecture: Universal Complexities and Opportunities within the Family-owned Bank
A family-owned bank has distinct challenges, as well as competitive advantages, when compared to other financial institutions. Learning about these impacts will help participants frame multi-generational ownership. With each passing generation of ownership, the importance of shared learning, planning and collective understanding intensifies. In this session, we will lay the groundwork and framework to understand the complexities and opportunities integrated throughout the workshop.
10:00-10:15 – Break
10:15-11:15 – Applied Learning: Family Meeting #1 in the room
Hands-on Processing of Universal Complexities and Opportunities
Family/owners will discuss provided questions about the morning session. Facilitator(s) will circulate and assist.
11:15-12:30 – Group Lecture: Introduce Personal Complexities and Opportunities, and the LSI
An overview of the Personal Complexities and Opportunities within the Family-owned Bank will be overlaid with an Assessment tool, the Life Styles Inventory (LSI). Participants will learn about factors contributing to increased self-awareness, an essential component of healthy interpersonal relationships and leadership in all arenas. Participants will understand how constructive behaviors and leadership traits can be adopted to enhance personal effectiveness.
12:30-1:30 – Buffet Lunch and Break
1:30-2:15 – Group Lecture: Integrating Leadership Attributes
Individuals in family-owned banks are uniquely and increasingly challenged to be leaders and responsible stewards of the company’s and the family’s cultivated assets. Effective stewardship requires aspects of emotional intelligence; self-management will be specifically explored. We will consider how constructive behaviors and leadership traits are effectively applied in one’s role as family member and/or owner.
2:15-2:30 – Break and adjourn to Family Meeting space
2:30-4:00 – Applied Learning: Family Meeting #2 outside the room
Hands-on Processing of the LSI and Integrating Leadership Attributes
Family/owners will discuss provided questions. Facilitator(s) will circulate and assist.
4:00-4:30 – Group Exercise: Document Learnings and Opportunities
An important aspect of learning is formally recognizing progress and growth along the way. Each person will reflect on the day’s learnings, thereby enhancing the likelihood that learnings will be integrated into one’s life outside of the meetings. We will discuss any homework to be completed overnight.
5:00 - Dinner on your own
Tuesday, January 19
Business and Interpersonal Complexities and Opportunities
8:30-10:00 – Group Lecture: The Family Bank: Making Business Decisions for Family Reasons
Making business decisions for a financial institution is difficult work, but add in the dynamic of family ownership and each decision takes on a whole new dimension. Whether it’s the decision to raise new capital, pursue an organizational structure like Subchapter S, engage in strategic planning or looking at buying another bank or selling your institution, family concerns may often trump business concerns. This session will focus on the practical aspects of key business decisions family banks ought to be considering while also addressing how these business decisions impact the family dynamics.
10:00-10:15 – Break
10:15-11:15 – Applied Learning: Family Meeting #3 in the room
Hands-on Processing of Business Complexities and Opportunities
Family/owners will discuss provided questions about decisions and business dynamics. Facilitator(s) will circulate and assist.
11:15-12:00 – Lunch/Group Lecture: Introduce Interpersonal Complexities and Opportunities
Internal factors that drive and influence individual behaviors and attitudes often conflict with group norms and expectations. Conflict can be intensified because of the many “groups” in which an individual participates: family, owner and/or manager/employee. Understanding this complexity is a first step to effectively managing potential conflict.
12:15-12:30 - Break and adjourn to meeting space
12:30-2:00 – Applied Learning: Family Meeting #4 outside the room
Hands-on processing of Interpersonal Complexities and Opportunities
Family/owners will discuss provided questions from morning session. Facilitator(s) will circulate and assist.
2:00 – Family Time
Families in business together are hard-pressed to find time outside of work to connect informally to get acquainted as adult peers, strengthen relationships, build trust, and have fun. As a compliment to the structured Family Meeting time being provided, this session allows for freeform connection and fun.
6:00-6:30 – GSB-hosted reception; dinner on-your-own
Wednesday, January 20
Integrating Universal, Personal, Interpersonal and Business Complexities and Opportunities
8:30-9:15 - Group Lecture: Integrating “Inner Nest” Complexities and Opportunities
At the completion of this workshop, participants will have undertaken what a small fraction of family-owned banks have done; investing in their inner nest. This session will capture content and provide a framework for learnings and new opportunities.
9:15-9:30 – Break
9:30-10:30 – Applied Learning: Family Meeting #5 in the room.
Processing the Workshop’s Content
Family/owners will discuss provided questions about investing in the inner nest. Facilitator(s) will circulate and assist.
10:30-10:45 – Break
10:45-11:30 – Group Program-Closing Exercise: Document Learnings and Opportunities
We will individually and collectively de-brief and summarize the program. Each person will reflect on the learnings and will create an action plan for next steps. A Closing Exercise will complete the workshop.
Who Should Attend
This workshop’s content focuses on knowledge and skills that will benefit the owners and family members of a family-owned bank. Consideration will be given to the many roles participants may play: family member, owner, manager, board member, community liaison, etc.