Family Governance: Oxymoron or Opportunity?

Overview

It has become almost common knowledge that setting up good systems of governance for family wealth management may be one of the key components of long-term success. So, when is a good time to focus on governance? Our answer is: from the very beginning, as things change, and as one plans for the future of any family enterprise. Once a coherent system of governance is instituted, families may benefit from opportunities for developing deeper bonds of affiliation and appreciation, family harmony and cohesion, shared learning experiences, and pride in mutual ownership and success.

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