Family Leadership Strategies

97 • Objective: develop a deeper understanding of participant motivations and fears in order to promote understanding, connection, and inclusion Phase: Governance/collaborative paradigm • Reassess the proper governance structure for each family entity, focusing upon how key matters concerning the future of the family or enterprise will be governed, by whom, and with what structure. • Where possible, seek to adopt a collaborative paradigm where the senior invites input from various constituencies but in the end makes the tough decisions. • Resource the structures with family and outside advisors as appropriate and consistent with the legal entities — trust, corporate entity, non-profit. • Objective: define the framework by which important family and family enterprise decisions will be made and by whom.