This seminar will look at the key collaborative trends that dominate best practice succession planning for business families in the current climate. We will look at the facts, misconceptions and solutions around surviving a generational transition; the importance of good governance and how it is implemented; and the benefits of a defensive strategy. We will consider a Good Governance Questionnaire to determine the effectiveness of existing structures to last beyond the third generation and analyse the process behind creating a bespoke Family Constitution and a checklist of what such a Family Constitution should cover. We will finish with a look at what families now expect from a dynamic Family Office, the factors likely to influence their decision to set one up, the raft of structuring options and some insights into the realities and practicalities of running a Family Office. – See more at: http://www.step.org/practical-identification-and-implementation-best-practice-governance-principles-within-family#sthash.Vfac7LMs.dpuf
