Enterprise Families
Overview
Leading and sustaining an enterprise family that shares the ownership and stewardship of collective family assets can be challenging in the face of growing complexity and diversity. Fortunately, there is a path forward for families to ensure they thrive across multiple generations.
Where To Begin
Co-authors Sara Hamilton and Margaret Vaughan Cox have assembled a practical guidebook, Build an Enterprise Family to Last: Proven Strategies to Thrive Across Generations, that offers 48 steps to help family members and their Enterprise achieve clear milestones and flourish into future generations. Combining both wisdom with actionable advice, this seminal guide is not only a 'must-read,' but also a 'must learn and apply' for those seeking to create the best future possible for their own families.
Curated Resources for Your Enterprise Family
For members of the FOX community, the curated resources here are part of the Enterprise Families Toolkit that can be downloaded for future reference and further review with your family members and trusted advisors.
Enterprise Vision and Mission
- Build an Enterprise Family to Last: Proven Strategies to Thrive Across the Generations (guidebook)
- Mission Statements for Families of Wealth: Identify the Values and Reap the Reward
Strategic Allocation of Capital
- Unlocking the Value of Time Capital (forum session replay)
- Sustaining Wealth Through a Well Defined Shared Family Capital Strategy
- The Emergence of B Corps: Positioning the Family Office to Achieve Impact (forum session replay)
Enterprise Governance
- Examining the Family Office Governance Journey (forum session replay)
- Private Wealth vs. Family Wealth: A Holistic Approach to Sustaining Generational Wealth
- A Roadmap for Managing Family Wealth Across Generations
Ownership Succession and Exit
- How to Plan for Succession: Paving the Way for Continued Prosperity
- Getting the Conversation Started
- Seven Succession Planning Questions Families Are Avoiding Like the Plague
Private Trust Company Benefits
- FOX Foresight 2019: Managing Complexity with a Private Trust Company Structure
- Enhancing Your Expertise: Private Trust Companies (forum session replay)
Board Composition
- Is It Time to Add an Outside Perspective to Your Family Business Board?
- Get the Most from Your Board of Directors
Board Compensation
Board Roles and Responsibilities
- Family Directors: An Insider's Perspective from a Seven-Generation Family
- Data Privacy and Governance Checklist for the Board
- Playing a Key Role on a Nonprofit Board
Board Operating Practices
- The 9 Questions you Need to Ask to Take your Board from Good to Great
- Corporate Governance: Utilizing an Effective Board Agenda
Enterprise Family Tools, Templates, and Consulting
- FOX Member Templates are provided as guidance toward meeting the needs and goals of your enterprise family. Tools and sample templates include topics on human capital, family education and learning, family governance, trust administration, and more.
- FOX Consulting is available for families seeking tailored advice and solutions for their enterprise family.
For more expert insights and guidance on other topics of interest, explore the full collection of Resource Toolkits.