Governance
Family Council
A governance body composed of family members that manages communication and decision-making for the family enterprise.
What is a Family Council
A Family Council is a governance body composed of family members that facilitates communication and decision-making for the family enterprise. It serves as a platform for discussing family matters, including the operations and strategies of the family office, ensuring alignment and cohesion among family members.
Related Terms
Family Assembly
A gathering of all family members to discuss and inform about matters concerning the family enterprise and wealth.
ViewFamily Business Board
A group of individuals responsible for providing oversight and guidance to the family business.
ViewFamily Office (FO)
An entity that provides comprehensive services to ultra-high-net-worth individuals and families for managing their wealt...
ViewSuccession Planning
The process of planning for the transfer of ownership and management of the family office to the next generation.
ViewFamily Governance
The system of joint decision-making and structures that families use to guide the management of their shared assets and ...
View