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The use of artificial intelligence (AI) continues to spread with a staggering speed as it reshapes industries through improved efficiency, productivity, and decision-making. However, the meteoric rise and adoption of AI technology—including ChatGPT—can overshadow some valid concerns around security and privacy. Addressing those concerns, this repor...

During this interview, attorney Jason Kohout shares the legal developments and highlights from his panel discussion on the regulatory, trust, tax, and estate planning update at the Family Office and Wealth Advisor Forum. Discover what to watch out for, what to stop worrying about, and what you should consider doing to protect your fa...

In this interview, attorney John Litchfield of Foley & Lardner’s Labor & Employment group discusses the key considerations family offices should keep in mind when it comes to domestic workers in the family office environment. Along with insights on household staff salary and wage treatments in accordance with the Fair Labor Standards Act (F...

The cyber landscape is always evolving and requires proactive diligence, effective controls, and regular education to significantly reduce the risks. While the volume and complexity of threats continue to grow, experts agree that businesses can significantly reduce their exposure—and costs, if a breach occurs—by following some well-vetted best prac...

Focusing on how companies are implementing enhanced security as the attacker-defender struggle continues, this Report dives into the 9 key takeaways along with other cutting-edge topics related to the data life cycle. While ransomware attacks decreased dramatically during 2022, they were again on the rise at the end of 2022 into 2023. Business emai...

By now, most organizations have implemented mandatory annual cyber awareness training for their employees, covering topics such as phishing and social engineering attacks. While this education is thwarting cybercrime, it is only part of robust defense strategy. In looking back at the state of cyber in 2022 and highlighting important developments, w...

For every business, risk management is a critical component of business resilience, profitability, and success. In 2023, there are some signs of insurance market stability and rate moderation. Businesses with a preferred risk profile will be in the strongest position to get the best rates and terms. The same can be said for individuals in the perso...

Consumer Protection Attorney Anthony DiResta takes a look at the Federal Trade Commission's proposed rule to ban non-compete clauses in employment agreements. Mr. DiResta analyzes wide-ranging implications of the proposed rule and provides questions for companies to consider when submitting public comments on it. Download the file fo...

With climate disclosures like TCFD (the Task Force on Climate-related Financial Disclosures) being mandated across the globe, it’s time for risk management professionals to prepare for it. This playbook explores climate-related disclosures through the lens of risk and insurance, providing you with the information, specialist insight, disclosure req...

Set against the backdrop of rapidly accelerating technological change and economic uncertainty, this year's Global Risks Report is a comprehensive analysis of the most significant risks facing the world today. With its forward-thinking approach and survey of nearly 1,500 risk experts, it provides insights into potential challenges and opportunities...

Tailored to the needs for risk leaders, this executive summary of the 2024 Global Risks Report highlights the key findings to support decision-makers in balancing current crises and longer-term priorities. In this year’s report, the risk analysis is contextualized through four structural forces that will shape the materialization and management of ...

We hear a lot today about the cybersecurity risks we face but to protect our families, it’s crucial not to forget the importance of effectively managing personal and physical security. In this chapter, we explore a risk-based approach to the personal and physical dimensions of family security and offer actionable insights you can put into practice ...

Family enterprises face an increasingly uncertain and risky world due to developments in the economy, geopolitics, financial markets, technology, and industry competition. In order to navigate this turbulent paradigm, family enterprises need to develop a culture of creativity and vitality that will allow them to adapt and eventually become a more r...

Each year brings new possibilities – and 2021 is no different. Emerging from the pandemic. Deepening social change. More predictable U.S. politics. The way we see it, 2021 will be a year many families turn optimistic and begin to act on rising opportunities. And while much remains uncertain, some changes are already either steaming ahead, or eme...

Your fellow FOX members have contributed these document management tools and samples. Please note that these samples have been provided for illustrative purposes only, and may not represent the latest versions. If you have developed sample planning tools, templates, or practices that you think will be of interest to other families, please submit...