Case Two: Gazi Family Constitution – Managing the Family in a Family Firm

Abstract

This is less a case in the traditional sense as it is an example of the outcome of one of the Turkish family business creating a mechanism for the governance of the family members with respect to the family business. This constitution has been ­“de-identified” in terms of names and firm. It does represent how a modern secular Turkish family has addressed the need to assure a stable set of family values with respect to their business. As such within this constitution they have set out to define terms, state a history of the business, and to define the rights and responsibilities of family members, vis-à-vis the firm. The wording of the constitution is that of the family who drafted it first in Turkish and then translated it into English. The only changes were to names and locations.