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a family charter or family constitution often forms the bedrock of family business governance but what are they what goes into them and how do you get started my name is russ hayworth and in this video ill answer all of those questions for you a family charter is a non-binding agreement between family members on how they want the business to be operated how they manage the families interactions between that business and how do they go about making certain decisions so for example one of the things that you could discuss whilst putting together a family charter is who can own shares in the business is this bloodline only are spouses allowed to own shares in the business are there certain requirements that need to be met before joining the family business for example all of these can be set out within a family charter but it becomes so much more than a document when you consider the conversations that are happening in order to construct the family charter what i mean by this is that is