Here are various governance resources including articles, research studies, book chapters, and industry reports that are relevant to affluent families and their advisors. Governance has multiple layers and it is important to understand the differences between 1) corporate governance, 2) family office governance and 3) family governance. 

The Complete family office handbook Ch. 11 

Read chapter 11, "Governance Issues for the Family Office," provides direction on boards, independent directors, advisory boards, responsibility and accountability, involving the next generation, and more. It also explores governance and family, the decision-making process for families, and why involvement and participation are keys to strong family governance. Family governance structures such as family councils, family constitutions, and the Kettering Family Governance Case Study are described. Click here to purchase the book.

IFC Family Business governance handbook

Read the "IFC Family Business Governance Handbook" written by the International Finance Corporation in conjunction with the World Bank. This report provides a comprehensive look at family business governance from how family members are involved in the governance of their business, to family governance structures, to the role of a board of directors in a family business.

Wealth in focus Newsletter

Read the "Tamarind Learning Newsletter: August 2022" which focuses entirely on the topic of governance. From trust governance to family governance, this newsletter highlights some excellent resources and stats.

How to succeed by really trying: A four-part template for family office succession success

Read "How to Succeed by Really Trying," an article that discusses common succession pitfalls of family office governance and decision-making. The article provides constructive guidance on four keys to successfully implementing long-lasting governance changes including 1) commitment, 2) communication, 3) champions, and 4) culture change. The succession checklist is a helpful tool to consider the steps and processes for successful succession.

Leading the Family Office with Human Capital Podcast

Listen to the podcast, "Leading the Family Office with Human Capital" with guest, Scott Peppet, CEO of Chai Trust (The office for Sam Zell) who explains the importance of human capital as a driver to lead successful family offices.

Build a family business that lasts

Read "Build a Family Business that Lasts" by Josh Baron and Rob Lachenauer and learn about the 4-Room model to consider family governance in the framework of a family business. The Owner Strategy Triangle provides a useful rubric to consider the trade-offs of grown and liquidity, versus growth and control, and liquidity and control.

Modern Stewardship Podcast

Listen to this podcast, "Modern Stewardship" with guest, Dennis Jaffe, Ph.D. who is the author of several books including Borrowed from my Grandchildren: The Evolution of 100-Year Family Enterprises, Cross Cultures: How Global Families Negotiate Change Across Generations,  and Stewardship in your Family Enterprise: Developing Responsible Family Leadership Across Generations. Dennis shares keen insights into how modern-day 100+ yr. old families of wealth and business are navigating continuity and planning.

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