M.C. LaubscherHost
five questions to assess whether governance is actually working in your family because here's the truth most families have governance on paper but not in practice they have documents in a drawer but no integration into daily life so here are the five questions first does everyone in the family know who has authority to make which decisions if the answer is no your governance isn't integrated second When a crisis happens, does your family have a protocol to follow or do they panic? If they panic, governance isn't working.

Third, is the next generation actively being prepared for leadership or are you hoping they'll figure it out? If you're hoping, you don't have governance.

Fourth, are family meetings happening on schedule or only when there's a problem? If it's only when there's a problem, Governance isn't a rhythm.

And fifth, can you point to a recent decision that was made better because of your governance structure? If you can't, your governance is theoretical, not practical.

And if you can't answer yes to all five of these questions, you have work to do.

five questions to assess whether governance is actually working in your family because here's the truth most families have governance on paper but not in practice they have documents in a drawer but no integration into daily life so here are the five questions first does everyone in the family know who has authority to make which decisions if the answer is no your governance isn't integrated second When a crisis happens, does your family have a protocol to follow or do they panic? If they panic, governance isn't working.

Third, is the next generation actively being prepared for leadership or are you hoping they'll figure it out? If you're hoping, you don't have governance.

Fourth, are family meetings happening on schedule or only when there's a problem? If it's only when there's a problem, Governance isn't a rhythm.

And fifth, can you point to a recent decision that was made better because of your governance structure? If you can't, your governance is theoretical, not practical.

And if you can't answer yes to all five of these questions, you have work to do.
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