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All Glossary Terms

Communication

Governance Structure

The framework of rules and practices by which a family office or business ensures accountability, fairness, and transparency in its relationships.

What is a governance structure in family offices

A governance structure in family offices is the framework of rules and practices designed to ensure accountability, fairness, and transparency in managing the family’s wealth and business interests. It establishes clear roles, responsibilities, and decision-making processes to align the family’s objectives with operational efficiency and ethical standards.

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