A better Future for the Family

In what circumstances can the potentials of family members be fully exploited? With this one day roundtable on family values, governance and leadership, we invite twelve like-minded families to address the issues which can help them to develop an understanding of state-of-the-art practices in governance architecture and family approaches to leadership, and to use that understanding to develop answers to the most important questions they face.

Perhaps most importantly is to understand better how the members of each family can best develop themselves to fulfill their individual potential and to serve as positive role models for their own and other legacy families.

Objectives

From our recent research, it seems likely that the most important issues for families would include queries on how best to engage the whole family in balancing their personal wealth with entrepreneurial creativity, philanthropy, positive business development and leadership in society. The objective of this roundtable is to support the participants in the challenge of bearing of these issues.

Content and Format

One of the most effective destroyers of families and their businesses and wealth are family conflicts, which can arise from many sources. In many cases, a structured approach to governance and dispute resolution can minimize conflicts, and address them effectively when they do arise.

One other important challenge common to many families is the vexing issue of how to inspire and engage the broader family, and especially the natural leaders among the next generation members, to undertake the different responsibilities within the family governance architecture

Therefore a major subject of the roundtable discussions will be to compare the pros and cons of each participant’s family governance architecture with that of the other families present, and understand as a group how each approach may be improved through changes in governance architecture, practices, and overall family guidance and leadership.

Participation

The participants invited to address these issues will be drawn from around five to seven leading families, all with substantial wealth, from different countries. Family matching would lead to the creation of a “real peer group” basis for discussions. This means that all families would already have similar wealth responsibilities for the same period of time, be constituted by a roughly similar number of family members, and, for example, all having faced the transition from ‘business family’ to ’financial family’.

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