Open Principles of the FBF - point 7 added.

 1.There isn’t any merit of being an FBF. The FBF is usually by birth, hardly someone turns into an FBF.  




2.As long as the link between family and family business exists, any prevalence of one dimension on the other is unacceptable.  




3.The FBF should consider his own holding into the family business in respect of his own risk/reward profile and investment horizon taking into account the benefits of diversification.




4.The FBF actively seek the protection of his own legitimate interests according to the Latin maxim: “Qui in iure suo utitur neminem laedit.” (he who exercises his legal rights harms no one – civil law)




5.Peace laid on justice. The FBF acts according to equanimity with impartiality and independence of judgement. 




6. The FBF repudiates any manipulation of affections intended as a means for pursuing profit.




7. The FBF is grateful to anyone who donated him/her the participation in the family business. The member of the family business who works in or for the family business has rights and duties in relation to the family business. The family business member who does not work in or for the family business has only rights in relation to the family business, without prejudice to the duties dependent on laws.



8. (...)



Please  feel free to suggest any modification, integration or note to the Open Principles. They aren't definitive.

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