Family Governance: Oxymoron or Opportunity?

Family governance need not be an oxymoron. A conscious family governance system can help create an efficient and rewarding means of ensuring the family enterprise’s viability for generations to come. Therefore, any family enterprise that seeks to maintain and grow its wealth—financial, human, social, and intellectual—should consider creating a clear system of governance that is well-designed and flexible-but-durable. By recognizing the power of collaborative guidance systems and of clarifying the purposes and promise of their shared wealth, families may benefit from the opportunities that come with it.