Nairobi, Nov. 9 -- Last week I narrated the story of Tuskys and why part of its downfall was largely due to the lack of recognition that once a family business begins to hire employees, procure goods and services, rent premises, create tax generating revenues and borrow from banks, it no longer belongs to the family.

It belongs to an amorphous conglomerate of stakeholders, some having far more skin in the game than others and the family remaining a minority in the greater scheme of stakeholders.

But despite all these stakeholders, family interests remain paramount to family members.

And when a family business grows to the size that Tuskys did, it's time to sit down and create a family constitution whose purpose it is to draw the line o...