Family Governance

Building Sustainable Decision Making

Family governance refers to how families want to make decisions together.Family Governance

Some families want more structure and activities while others want less. There is no one-size-fits-all solution as every family is unique.

Effective Family Governance is Critical for the Success of Any Family Enterprise

A family council can be highly proactive, having a transformative impact on the family. It can serve to promote a shared vision for the family assets and legacy, and as a forum for collective decision making and conflict management.

A council may include elected positions, bylaws, and formal lines of authority or it may be fairly unstructured. The right form and structure of governance, such as a family council, can help you:

  • Develop a shared vision for your family
  • Stay connected with geographically dispersed family members
  • Manage the systemic conflict that comes from sharing assets with extended family
  • Interact regularly to strengthen relationships
  • Manage shared philanthropy

Designing and Implementing a Formal Family Council

Continuity Family Business Consulting guides enterprising families with a variety of services to design and implement formal family councils. We professionalize, structure, and build in effective strategies based on the family’s objectives. Our assistance includes:

Read more: Corporate Governance

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