INSTITUTIONALIZATION OF CORPARATIONS

In our country, 93.8% of companies are family businesses, with this percentage being even higher in Anatolia. Each organization has its own unique corporate identity, values, and service needs. At Protokol Law & Consultancy, we create tailored solutions to address the specific needs and goals of your family business, ensuring its corporate sustainability.

For the long-term success of family businesses, both the family and the company must be institutionalized. We provide comprehensive services under two main headings:

1. Institutionalization of the Family: Professional Management of Family Relations

Managing relationships between family members on a healthy basis is crucial for the sustainability of the business. Our services in this area include:

• Family Constitution Preparation: The family constitution is a written document that clearly defines the rights and responsibilities of family members, values, and management and decision-making mechanisms. We consolidate the expectations, visions, and goals of all family members into a single document. The family constitution also serves as a guide to prevent potential conflicts between future generations. We conduct this process with the participation of all family members, strengthening internal communication and shared decision-making.
• Formation of Family Council and Family Board: Establishing and managing organs that facilitate regular communication and decision-making processes among family members.
• Inheritance and Asset Planning: Providing legal and financial advice for the protection of family wealth and planning for generational transitions.
• Succession Planning: Developing succession plans to define future roles of family members and positions within the company, ensuring smooth management transitions.
• Family Dispute Management: Offering mediation and advisory services to prevent or resolve disputes between family members.

2. Institutionalization of the Company: Creating a Professional Management Structure

To ensure the long-term success and growth of the company, a professional management structure must be established. Our services in this area include:

• Creating Corporate Governance Structure: Designing and implementing a management structure based on transparency, accountability, and sustainability principles.
• Formation of Executive Committees: Establishing executive committees composed of professional managers to make strategic decisions efficiently and defining their areas of authority.
• Standardization of Business Processes: Defining, optimizing, and standardizing business processes to enhance operational efficiency.
• Strategic Planning and Management Consulting: Setting long-term strategic goals for the company and preparing growth and development plans.
• Board Structure and Consulting: Advising on the selection of board members, defining their roles, and ensuring the effective functioning of the board.
• Corporate Compliance and Risk Management: Developing and implementing strategies for regulatory compliance and corporate risk management.
• Succession Planning: Creating comprehensive succession plans to identify and develop future leaders of the company.

At Protokol Law & Consultancy, we understand the unique needs of family businesses and offer customized solutions for each family. Your company is a significant asset both for you and for the country. Contact us to ensure the sustainability, growth, and successful management of your family business. Our expert team is ready to take strategic steps to secure the future of your family and company.