Dynastic Planning by Walid S. Chiniara
Author:Walid S. Chiniara
Language: eng
Format: epub
Published: 2020-05-02T00:00:00+00:00
Figure 1.51
The reason for this is that each system and subsystem is governed by a number of rules (I call them governance rules) that are specific to that system and which need to be addressed adequately.
Referring to the definitions given above, family governance focuses on the rules governing the interaction between the following three elements:
• The dynamics among the family members themselves
• The relationship between the family members and the family business
• The relationship between the family members and the family finances—that is, the (a) money and (b) source of money
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