What is Family Governance
Family Governance is the system of joint decision-making and structures that families use to guide the management of their shared assets and business interests. It ensures alignment among family members, facilitates communication, and helps maintain family values and objectives across generations.
Components of Family Governance
Key components of Family Governance include family councils, family constitutions, and regular family meetings. These elements help establish clear roles, responsibilities, and processes for decision-making, conflict resolution, and succession planning.
