What is a conflict of interest in Family Offices?
A conflict of interest in Family Offices arises when a party’s obligation to one family member or entity impairs its ability to fulfill its duty to another. This can occur when personal interests or relationships influence decision-making, potentially compromising the family’s financial goals or governance.
Examples of conflicts of interest in Family Offices
Examples include a family office manager favoring investments that benefit their own interests, or a family member using their influence to direct resources towards personal projects. Addressing these conflicts is crucial to maintaining trust and ensuring objective management of family assets.
