A man can’t make a place for himself in the sun if he keeps taking refuge under the family tree.
Owning a Family Business, a Family Office, having a large family or substantial wealth brings many potential issues, challenges and even the occasional conflict.
These can include:
- Defining the Family Values
- Having a clear Family Mission
- Roles and responsibilities of its members
- Voting rights for family members
- Share ownership by family members
- Board membership for family members
- Family meetings
- Succession Management
We will work with, guide and facilitate the family and their advisers to help define their bespoke Family Governance.
Good governance requires working toward common ground. It isn’t easy.
In our experience the governance process benefits the family greatly. However, it is important that the result is dynamic enough for the family and its operations to evolve and adapt. Being too constricted by rules and regulations will kill off the innovation that created the wealth in the first place and is needed to take the family forward.
Please contact us if you are interested in finding out more.