Development of Policy

Within the context of the Family Office, policy development is at the core of conflict avoidance. Creating such policies provides a framework in the event of contentious matters. Effective policies will provide guidance on important matters including:

  • Guidance on which family members can work in the business
  • Evaluation and remuneration criteria for family members working in the business
  • Roles and responsibilities of owners and managers
  • Conflict resolution procedures
  • Board of Directors eligibility and tenure
  • Information flow to different classifications of family members
  • Spousal treatment within the framework
  • Share ownership and provisions for trading shares