Corporate Governance Principles Applied To Family Governance
The nurturing of family philosophy and governance needs to be cultivated over a period of years.
Identifying the concrete wishes of each stakeholder is the first crucial step to building a sustainable plan for wealth, whether the aims are for growth, philanthropic investment, or diversification. In this process, we help the client to think through their strategy and the ultimate goals of their wealth.
Family governance strategy needs to be clearly articulated and conveyed to the family members. The younger generation can benefit from guidance on the duties and responsibilities expected of them going forward. To nurture the family philosophy for generations to come, and empower them to make informed decisions.
- Structuring & Monitoring
- Corporate Governance
- Risk Management & Damage Limitation
- Asset Management & Asset Performance Review
- Cash Flow Planning
- Tax Compliance & Planning
- Succession Planning
Structured investment guidelines set out how portfolios are to be managed and monitored. They include strategies on how to adapt as family and business circumstances change.
The ratio of cash equivalents, bonds, bond funds, stocks, private equities, PE funds, hedge funds, real estates should be discussed in the investment strategy, and implemented with checks and balances.
Clear reporting, good internal control, accountability are all important ingredients to a successful family office.