Family Office
What is a Family Office ? The management of wealth is a very substantial industry with specialized service providers for individuals and families with investable assets. These service providers include…
Read More Corporate Governance
What is Corporate Governance ? Corporate Governance pertains to structures, processes and culture for the direction and control of companies. It concerns the relationships among the management, the management oversight…
Read More Family Governance
What is Family Governance The structure, policies and processes which are used to govern the interaction(s) of the family members with the family business in a fair and transparent way…
Read More Risk Management
What is Risk Management? Every business faces risks. Risk Management is the discipline (i.e. practices, policies and procedures) and function (i.e. people and their internal and external interactions) that a…
Read More Internal Audit Function
What is internal audit funcion? Managers are “agents” for the owners and are meant to serve the interests of the owners of the business as they manage the business. Placing…
Read More Profesionalization of Management
What is professionalization of management ? The term is often associated with a family business transitioning from being run by a member or members of the founding family, who act…
Read More Balanced Board of Directors
What makes a Board of Directors a balanced one ? A Board of Directors has specific decision-making powers and is the main oversight body of a company that can hold…
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