Wise Counsel Research's Dennis Jaffe has published a new installment in the 100-Year Families Study. Governing the Family Enterprise: the Evolution of Family Councils, Assemblies, and Constitutions offers specific strategies and stories from the over 80 families who have contributed to the project. These are rare families who have successfully transitioned a major family enterprise through at least two generations. This white paper includes samples of actual family's governance structures, along with descriptions of how they deliberated about, enacted, and in many cases have amended these structures in order to promote their families' flourishing. It is a tremendous resource for enterprising families and their advisors.
Joshua Nacht, a member of the 100 Year Families research team, recently completed an innovative dissertation on the subject of the "family champion." This often-overlooked figure emerges from within the family to advance efforts towards growth while addressing family concerns, such as about entitlement or dependency. Joshua's work recognizes new possibilities for helping families develop their own resources while at the same time highlighting the insights and ideas coming from the 100 Year Family Project. For a synopsis of Joshua's research, click here.
JP Morgan, in collaboration with Wise Counsel's Dennis Jaffe, has just published a fascinating study of Asian family enterprises. Some of the headlines from this analysis of 140 large, multi-generational families include the families' top concerns (#1: fairness to the rising generation), their top leadership values, overall preparedness (or rather unpreparedness) with regard to transition and family employment policies, and practices concerning board composition, talent development, and exit strategies. All students of family governance will find in this study an invaluable glimpses into succession principles and practices. It also includes a great section on the practicalities of family meetings by Christian Stewart of Family Legacy Asia.