Table 5

Table 5.1 The 6C's: a family code 1. Cash: Liquidity is essential for business growth and unexpected family needs. We believe all [parties] profit under the profit motive. While we list "cash" first not to underestimate its importance, it is really the result of the other C's... 2. Communication: Good communications are essential. We promise each and every family member an equal voice, irrespective of age. We don't need to vote. Those who are quiet are encouraged, even asked to comment. We've found those who remain quiet in a meeting are often in disagreement and will talk, away from the meeting, of their displeasure. We emphasize the important of never closing channels, so therefore... 3. Criticism: Criticism must be constructive and intended to help the other person. We never want to "attack the person," only to discuss the concept. We find it better for uncles or elders to offer such criticism. But to be willing to accept criticism requires 4. Commitment: We are committed to the family philosophy. Commitment requires that each family member have a comfortable living. We are committed to affording and encouraging the best education the person's talents permit. We are committed to caring for one who has needs. We have a special family fund for that purpose. That's one of the purposes of "cash." So we feel deeply about.. 5. Compassion: We seek to be compassionate to family members and to those who work for us. We respect older family members. We give them love, time, and recognition. Sharing recognition is important because it means giving... 6. Credit: We want to be humble and share. We never let anyone, however brilliant, take all the credit. We also find ways in which the family - past and present - contributed to the success of any one individual. And when one feels he's achieved a great success, he's eager to share it with others.

— from The Flight Plan (Purpose/Wisdom/Risk)

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