A board provides unbiased and outside perspectives, helping to challenge assumptions and refine strategies, which is crucial for effective decision-making.

Presenting to a board fosters a level of accountability, encouraging business leaders to think critically about their strategies and performance.

An objective board can facilitate smoother transitions by providing fair evaluation processes for future leaders, reducing familial biases.

Having an independent board can help mediate family dynamics, ensuring that family issues do not interfere with business operations.

Board Development

Q: Expertise and Guidance

Board members often bring diverse experience and knowledge, offering insights that can enhance strategic planning and operational effectiveness.

Resources and tools to help in the creation, development and growth of a family fiduciary or advisory board for family-owned business

A board serves as a guiding body that offers impartial expertise, encourages transparent decision-making, and helps navigate complex family dynamics.

Prairie Family Business Association supports and encourages a board, either fiduciary or advisory, for several key reasons.

five reasons to consider

A Family Business Board

By incorporating a board, your family business can enhance governance, improve strategic alignment, and increase the likelihood of transitioning to the next generational successfully.

Objectivity

Accountability

Succession Planning

Expertise and Guidance

Conflict Resolution

Are you interested in serving on a family business advisory or fiduciary board?

Let us know! Our team will follow up to get your full board profile.

I'm Interested!

Access the Board Directory. PFBA Membership required.

Membership Info

Set Up Account

If there are multiple next-generation members wanting to be considered, it’s much better to have an objective process with objective people rather than Dad having to make the decision.

The board can challenge your assumptions, ask questions and share experiences. And just having to articulate your strategy before a board provides accountability and makes you think differently.

– Andrew Keyt, founder and CEO of Generation6

No matter what stage your family is at with a Board – from not having one to having had a formal Board with independent outside directors for years – your family will benefit immensely by attending a PFBA Board Development event.

The level of expertise the facilitators have to offer is priceless. It is well worth the investment in your family business!

– Past 'Board Bootcamp' attendee

"A board brings calmness to the boardroom in a family business."

Whether you've never thought of having a formal board, are in the early stages, or have had a developed board for years – PFBA's board development programs can provide actionable steps to start or improve your family business board.

Watch the video to see a recap of past events.

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Board Development

Resources and tools to help in the creation, development and growth of a family fiduciary or advisory board for family-owned business