This page features several family office governance resources, including a specialized book chapter, thought-provoking article, and a four-part template that is relevant to the modern family office. As governance permeates every aspect of a family office—from day-to-day operations and investment strategies to family dynamics, philanthropic endeavors, legal frameworks, and corporate entity management—it's crucial to have a nuanced understanding to ensure effective governance practices.

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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.

The Four-Circle Governance Model

Read the "The Four-Circle Governance Model" written by Kirby Rosplock and published in Trusts & Estates Magazine in July 2023. This article presents a new model to evaluate the different parties to a decision and a process to engage appropriate parties at different stages of a decision.

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.

Elements of an Investment Policy Statement for Individual Investor

Read "Elements of an Investment Policy Statement for Individual Investor" by the CFA Institute provides practical guidance on the anatomy of an investment policy statement (IPS). This article frames the scope and purpose of an IPS, the governance considerations of an IPS, and more about the investment risk, return, and constraints in an IPS.

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.

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