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A family code of conduct is a written document which indicates expectations regarding how family members will behave both inside and outside of the business. Having a written code of conduct which is agreed upon by family members helps to guide behavior and helps in providing feedback and holding each other accountable for desired behaviors. A family code of conduct may be included in a family charter, and may be developed in a family council or family meetings.

Components of a family code of conduct

A family code of conduct might address issues such as:
  • communciation
  • conflict management
  • decision-making
  • personal development
  • information sharing (Johnson).


Further reading and external links

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Categories: Family governance