Description
This book is the successor to Family Legacy and Leadership, a highly acclaimed wealth management book. Like its predecessor, this book looks at the essential challenges and practical approaches legacy families and their leaders can take to ensure that all aspects of their greater family enterprise — family, business, philanthropy and other initiatives — work well now and for long into the future.
The book begins with an understanding that true family wealth includes, but also goes well beyond, financial assets. It discusses in detail topics such as family unity, harmony and security, a clear statement of purpose, vision and values, effective family governance, leadership and succession, and full consideration of the challenges and opportunities for the journey across different generations, between branches and for individual family members. Real world examples and practical approaches are set out for the reader’s review and potential application. Focusing on both human and commercial aspects of legacy families, the book aims to provide guidance and proven approaches to the non-commercial aspects of wealthy families and their potential long-term success, reflecting an understanding that the families that are most likely to prosper long into the future address both the commercial and non-commercial aspects of family and family sustainability in equal measure.
Drawing from many decades working with leading families around the world who have understood and mastered many of the most important challenges families face today, the two authors bring their collective expertise and experience to all families and their leaders who aspire to create the best possible future for their own families in these challenging times.
Contents:
- Prologue
- Family Legacy Planning:
- True Wealth Is More Than Money
- Defining a Clear Purpose for Family Wealth
- The Family Promise, the Constitution and Responsible Ownership
- Educating and Engaging the Family
- Philanthropy as a Cornerstone of Legacy
- A Multi-Generational Framework for Legacy Planning
- Family Leadership and Succession:
- Leadership of the Family Enterprise
- Proven Approaches to Family Leadership
- Successful Leadership Skills
- Leadership Succession
- Crossing Generational Bridges
- The Management of Risk and Change:
- Managing Risks to Wealth and Well-being
- Designing an Eco-system Worthy of Trust
- Growing Interest in Direct Investing
- Recasting the Family Office as Manager of Risk and Change
- Creating an Effective Risk-Taking Culture in the Family
- Epilogue Future Leadership Challenges
- Appendices:
- Profile of the Family Office Exchange
- Operating Frameworks for Legacy, Leadership and Risk Management
- Summary List of Questions for Leaders of Legacy
- Recommended Reading List and Whitepapers
- Bibliography
