What is corporate governance in family offices
Corporate governance in family offices refers to the mechanisms, processes, and relations by which these entities are controlled and directed. It ensures accountability, transparency, and fairness in managing family wealth and business interests, aligning the goals of family members and stakeholders.
Key elements of corporate governance in family offices
Key elements include establishing a clear governance structure, defining roles and responsibilities, implementing decision-making processes, and ensuring effective communication among family members and advisors. These elements help maintain harmony and sustain the family’s legacy across generations.
