The Importance of Family Governance: An FOA Podcast with Barbara Hauser

The Importance of Family Governance: An FOA Podcast with Barbara Hauser

The Importance of Family Governance with Barbara Hauser

In Part 10 of the FOA Podcast Audio Series, Angelo J. Robles is joined by Barbara Hauser as they discuss the importance of family governance. You can either read the transcription or listen to the podcast and learn more.

Transcript Preview:

Angelo Robles: Hello everyone. This is Angelo Robles at Family Office Association. Thank you all for joining us today on our FOA Audio Podcast on the Importance of Family Governance featuring Barbara Hauser. Barbara is well-known in the family office world. She began working with families as a private client partner in law firms that saw the broader need to help families develop a strong governance system. She wrote the book “International Family Governance,” and has worked with families in many countries. She’s on the advisory board of Family Office Association and independent director of the Pitcairn Family Office. She is also the advisory editor of the new Global Handbook on Family Offices. Barbara is based in Minnesota and can be reached through her website: www.brhauser.com where you can also download some family office articles that she’s written.

Barbara, how are you?

Barbara Hauser: Fine, thank you Angelo.

Angelo: Such a pleasure to have you on the call today. Explain what makes families continue to be successful, the foundation of their success, progressing through the generations is going to be built on a framework for how decisions are made; which is an overly simplistic, perhaps right to the point, the value of what family governance really is. Why don’t we get right to my first question? What do you mean by family governance?

Barbara: I laugh when I hear the question. It reminds me of 20 years ago. The first time I heard Jay Hughes give the talk about family governance, included family constitutions. I listened to him and I thought this is just crazy. Now, today, I spend most of my time on family governance. When I wrote my book about international family governance, I included the dedication to Jay, who I keep up with. So it’s been quite a change for me. I started my career as a traditional, private-client, lawyer and have gradually been convinced that family governance is much more important than any other legal documents.

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