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 Governance
The system of joint decision-making and structures that families use to guide the management of their shared assets and ...
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.
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