For decades, family enterprise succession was framed as a simple ‘passing of the baton’ from one leader to the next. But today’s multi-generational families are more complex, with broader ownership, evolving leadership expectations and greater interconnectedness.
Written by a team of UHNW Institute member experts (listed below), this paper presents a compelling alternative: shifting from a single decision-maker model to a collaborative, multi-generational governance structure.
In Part 1 of this comprehensive white paper, Adding New Wings to your Governance House: Systems, Structures and Practices–Good for Today… Better for Tomorrow introduces the Coalition Governance House, expanding traditional governance “rooms” (ownership, board, management, family) into coordinated, purpose-built wings that promote clarity, inclusion and shared accountability. By moving from a single decision-maker to a “multi-generational coalition of the willing,” firms can better align around a shared purpose and leverage the collective strengths of every family branch.
This first part provides a practical roadmap for expanding governance structures to ensure the family enterprise remains future-ready and resilient across generations.
Read Part One here.
*Part 2 will be released in early March.
Meet the Authors:
Paul Edelman, Family Enterprise Advisor, Edelman Coaching
Russ Haworth, Founder, The Family Business Partnership
Bryn Monahan, Senior Consultant, Relative Solutions
Amelia Renkert-Thomas, Founder, Renkert Thomas Consulting LLC
Daniel Trimarchi, National Lead – Family Dynamics & Governance, KPMG Australia
Meredith Thomas Straight, Consultant, Renkert Thomas Consulting, LLC
