Strategic Governance for SFOs

Strategic Governance for SFOs

Strategic Governance for SFOs

What is SFO governance anyway?

At its most basic, governance is nothing more or less than a system for decision making. Every organization of more than one person – including every single family office (SFO) – needs some level of governance.

As we’ll see, quite a few single family offices function effectively with natural governance, an informal decision making system that nonetheless may satisfy the organization’s needs. Other family offices require more formal governance structures and policies as complexity increases. This white paper will discuss family office governance generally, and then will look more closely at both natural and formal governance, and the factors that would indicate a need for formal governance. We’ll use two fictitious SFOs – Alpha Management and Omega Family Office – to illustrate some of the governance issues that family offices face, and the range of options for family office governance.

Strategic Governance for SFOs Topics Covered

  • What is governance?
  • What are we trying to achieve?
  • What is a governance system?
  • Why do family offices need formal governance?
  • When natural governance isn’t enough, what’s next?
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