Governance
Family Mission Statement
A declaration of the family’s core purpose and focus that remains unchanged over time, guiding decision-making and governance.
What is a Family Mission Statement
A Family Mission Statement is a declaration of a family’s core purpose and enduring focus, serving as a guiding framework for decision-making and governance within a family office. It articulates the family’s values, goals, and vision, ensuring alignment and continuity across generations.
Related Terms
Family Culture
The shared values, beliefs, and practices that shape interactions and decision-making within a family enterprise.
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The lasting impact and reputation a family builds over generations through wealth, values, and contributions to society.
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A legal arrangement where assets are held by a trustee for the benefit of family members, often used for estate planning...
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