Panel Discussion | Family Councils: The Secret Sauce to Generational Family Success
Holistic governance systems are built bottom-up, are less grounded in formal structures, and more plugged into the family’s shared values and goals. Formal mechanisms such as family councils are proven instruments for such systems as they empower business families with a multigenerational vision – foster cohesion and unity, facilitate alignment, and effectively manage the family-business interface. In a nutshell, they can turn family actions into intentional behaviour, by bringing the family’s values to life in interactions and decisions.
Watch this exclusive panel discussion where we explore family councils as key conduits in the long-term success of business families. We discussed:
- The journey of creating a family council – the case of the Otten-Pappas family
- How family councils can preserve the family legacy as well as instil in the young a sense of stewardship and entrepreneurship
- Leveraging technology to professionalise & structure the way family councils operate, today and tomorrow