Governance and Succession in Family Businesses
Governance and Succession in Family Businesses
This intensive four-day course by Lagos Business School provides practical frameworks and actionable strategies to manage complex family relationships, establish robust governance structures, and ensure smooth leadership and ownership transitions.
This programme is designed for family business owners, founders, and next-generation leaders preparing for succession. It also caters to board members, senior executives, and professional advisors, including legal and financial consultants who support family enterprises in navigating governance challenges, resolving internal conflicts, and securing a sustainable business legacy for future generations.
In-Person Programme
2 Runs
LBS Campus
Programme Date
30 Jun, 2026 (4 Days)
20 Oct, 2026 (4 Days)
Programme Fee
₦1,827,500 (Excluding VAT) (Excluding VAT)
In-Person Programme
2 Runs
LBS Campus
Programme Date
30 Jun, 2026 (4 Days)
20 Oct, 2026 (4 Days)
In-Person Programme
2 Runs
LBS Campus
Programme Fee
1,827,500 (Excluding VAT)
Programme Overview
This intensive course by the Lagos Business School Family Business Initiative offers a thorough understanding of governance and succession planning to ensure business continuity and family harmony. Participants will examine practical frameworks and tools to handle complex family relationships, develop effective structures like family councils and constitutions, and plan for smooth leadership transitions. The curriculum is delivered through real-world case studies and interactive sessions led by seasoned industry experts.
The 2026 programme is structured into two distinct cohorts to accommodate participants: the first runs from June 30th to July 3rd, 2026, and the second takes place from October 20th to October 24th, 2026. During these sessions, attendees will progress from the foundations of governance to designing tailored succession plans that address both ownership transfer and the readiness of the next generation. The journey emphasizes actionable insights that go beyond theory to strengthen the family enterprise.
By the conclusion of the programme, participants will be equipped to overcome implementation challenges and foster effective family communication. The ultimate goal is to enable families to preserve their wealth, prepare successors for leadership, and cultivate a culture of ethical stewardship. This ensures a lasting legacy where both the family and the business can thrive for future generations.
Key Learning Outcomes
Gain access to actionable frameworks and practical tools specifically designed to establish robust family councils, constitutions, and boards.
The curriculum provides proven strategies to enhance family communication and resolve deep-seated conflicts, ensuring long-term unity and harmony.
Develop tailored succession roadmaps that facilitate smooth leadership and ownership transitions to secure the business legacy for future generations.
In-Person Programme
2 Runs
Programme Date
30 Jun, 2026 (4 Days)
20 Oct, 2026 (4 Days)
Programme Fee
₦1,827,500 (Excluding VAT) (Excluding VAT)
Principles & Importance of Governance & Succession
Here, we will lay the groundwork for effective governance and succession by understanding core principles, challenges, and alignment strategies.
- Introduction to Governance & Succession in Family Businesses
- Unique Dynamics of Family Businesses
- Why Governance & Succession Planning Fail (And How to Succeed)
- Aligning Family & Business: Vision, Values & Mission
Structures for Family & Business Governance
This section will see us develop practical governance institutions and succession plans tailored to the specific needs of family businesses.
- Dual Governance: Balancing Family & Business Needs
- Family Governance Tools: Councils, Constitutions & Shareholder Agreements
- Professionalising Governance: The Role of the Board
- Succession Planning: Leadership, Ownership & Selecting Successors
Executing & Sustaining Governance & Succession
In this section we will focus on practical execution, conflict resolution, and multigenerational stewardship.
- Step-by-Step Succession Plan Development
- Managing Transitions: Founder Exit & Successor Readiness
- Monitoring & Adapting Governance & Succession Plans
Dr. Okey Nwuke is a seasoned finance and corporate governance expert with over 33 years of experience, including 23 years in the banking sector and a tenure as an Executive Board Member at Coscharis Group. He holds a Doctor of Business Administration from Walden University, where his research specifically addressed leadership transition challenges in family businesses. Currently a Senior Fellow at Lagos Business School, Dr. Nwuke leads the Family Business Management Initiative and serves as a Non-Executive Director for several blue-chip organizations, including Access Bank Plc. His extensive academic background includes an MBA from the University of Birmingham as a Chevening Scholar and executive leadership training from prestigious global institutions such as Harvard, Wharton, and Stanford.
The Admission Process
Begin your path to professional and personal growth with our straightforward enrollment process.
1. Click on the Apply Now button.
2. Select the number of participants to enroll on the programme and then fill in your detials.
3. Request for an invoice or make an instant payment via our secured payment gateway.
4. Upon confirmation of payment, a programme manager will get in touch with you at least three days before the programme commences.