Governance & Succession: archive
Every Governance & Succession story in Family Offices, newest first. 9 stories
1 story
Ballentine Partners names retired CFO Jeffrey Potter as board chairman
Potter retired from day-to-day responsibilities at the Boston multi-family office on June 30 and remains a consultant through the end of the year.
1 story
Still Pond Capital still pays duPont family a dividend tied to DuPont, GM history
Jamie Biddle told FO Pro the payout traces to quarterly dividends from DuPont Co. and General Motors and now goes primarily to the oldest generation.
1 story
Lockton family adds third-generation education to biennial retreat
All of the roughly 40 family members at the retreat were invited to sessions on family history, company history and philosophies.
5 stories
RSM survey finds 55% of family offices have no succession plan
Among family offices with a plan, 37% have a formal written document; the rest rely on drafts, verbal agreements or informal arrangements.
Family governance planning often takes longer than the tax work, Ghazi says
The Ashurst Perkins Coie partner puts an ideal pre-liquidity runway at three to five years, with one to two still productive, and says the governance item is the one without an external trigger.
Unity Hunt's Steve Gardner on teaching a rising generation what the family office does
The Lamar Hunt family office serves four children and their descendants, and vice president Steve Gardner says younger members often do not know what to ask for.
Patricia Saputo describes a family education program built on reporting deadlines
Her father gave each grandchild money on one condition: they report at the next meeting what they did with it.
Morgan Stanley and Botoff survey finds family members hold 12% of family-office executive roles
The 2023 survey of more than 400 single family offices also found family-member executives paid 63% of what non-family peers earn.
1 story
Family offices at ALIGN 2026 weigh legacy-asset sales and governance as families expand
Leaders from Still Pond Capital, Mt. Vernon Investments and Krause Group discussed sales, governance and AI at the Dallas conference, per FO Pro's account.