Abstract

What motivates a business family to establish a family council? Is it because they have heard it was a good idea from another business family? Is it because a family member read a book or went to a seminar? Or is a family council started because it was recommended by a consultant or advisor? Family councils are usually started for any or all of these reasons, among others. When we begin working with a family, we are curious to learn why a family is receptive to implementing a family council. We also like to understand why families do not respond to our recommendation to start a family council. Over the years, we have kept track of the reasons why families are ready to jump in as well as the reasons for their resistance to family councils.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.