Some years ago when I was developing the ideas for my book on family governance, “Family Wealth, Keeping it in the Family”, I tried to establish rules that would parallel the three branches of most democratic governments, legislative, executive and judicial.
Most people who desire wealth have no idea what it truly is. Wealth isn’t defined by an account balance, the value of properties, or an impending inheritance. Instead, wealth is best described as family.
Enterprise Families share the ownership and stewardship of collective family assets, and they face challenges sustaining the family and keeping the Enterprise aligned in the face of growing complexity and diversity with each subsequent generation.
Incompetent. Irrelevant. Powerless. These are just a few of the feelings that nag founders when the business conversation turns to succession.
Discover a holistic approach to tailored, lifelong learning and development. Build 10 core competencies across each of life’s stages to effectively navigate the opportunities and challenges of financial wealth.