David’s Articles

David has been writing and publishing since 2006.  

This post was written and published prior to September 2023 when David and his prior firm, Family Capital Strategy, merged with Greycourt.  Views expressed reflected David’s personal views at the time and do not necessarily reflect the views of Greycourt.  Posts and information may be out of date and should not be relied upon for investment advice.

The Importance of a Family Governance Model

Nov 15, 2019 | Family Wealth

Greg Lewis at the Tennessee Center for Family Business was kind enough to host me on his podcast, Family Business Today.  We had a wide ranging conversation surrounding the question of what a family governance model might look like within a family business or family office.

Governance is certainly a focal topic within the broader family community and the reasons why are clear.  Governance structures increase the likelihood of long-term success.  Within the company, a common family governance model is the creation of either a fiduciary or advisory board – hopefully with outside directors.  But within the family itself, establishing a family council is a common governance tool.  Family councils are different from a Board of directors in their focus, but when well functioning should have a highly productive relationship and regular interactions.

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Nashville, TN