The Family Council

A Family Council is a formal gathering of family members and key stakeholders to discuss and plan the management, governance, and future of a family-owned business or estate. It provides a structured environment for open communication, addressing family interests, setting goals, and making decisions that balance business needs with family values. The Council helps prevent conflicts, clarify roles, and ensure continuity across generations by fostering transparency and collaboration. It typically includes discussions on leadership, stewardship, wealth transfer, and education, aligning family members' contributions with the long-term success and harmony of the family enterprise.