A thoughtfully constructed family constitution can capture your family’s vision while crystallizing your personal values. It provides you a blueprint in navigating the complexities facing a multigenerational family enterprise. Structured properly, this instrument provides the necessary framework for connectivity, collaboration and continuity among family members further enhancing the long-term success of a thriving family business. It also creates a foundation from which you build your legacy.
In this context, it is vital that human and intellectual capital are cultivated along with the growth of your business and financial assets. Without this significant family governance component, wealth created during the first generation is often exhausted by the third generation leaving nothing but empty promises for descendants. Together with offering comprehensive wealth management services, Guardian can provide guidance in helping families understand and develop effective governance systems.
How will you encourage stewardship and discourage entitlement?
How will you transition control of your wealth from one generation to the next?
How will you develop your human and intellectual capital?
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