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Organizing the Family: Family Governance

  • Alexander Koeberle-SchmidEmail author
Chapter

Abstract

Family unity is required for a family office to work effectively, and family governance is one of the primary tools for achieving and maintaining a shared sense of familial identity. Key instruments in this effort include: a family constitution and family charter to set out behavioral expectations for family members, both individually and collectively; a program of family activities such as mandatory family gatherings and outings to strengthen the “family glue”; a platform for continuing education among the family members; and mentoring or coaching options to help all members of the family achieve greater personal satisfaction. Interview with Larry Donckers, Family Officer for an American single family office.

Bibliography

  1. Koeberle-Schmid A, Kenyon-Rouvinez D, Poza E (2014) Governance in family enterprises. Palgrave Macmillan, Basingstoke, HampshireCrossRefGoogle Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.KölnGermany

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