A forum is a place, meeting, or medium where people can come together to exchange ideas or views on a particular issue. For families with shared wealth and a strategy for wealth succession, forums are a necessary tool for implementing family governance. Family governance is how a family organizes for decision making; therefore, forums become the organizational structure that enables actions to be taken. How many and what types to use may largely be dictated by the family enterprise characteristics, but remain focused on the purpose of the forum to determine its usefulness in achieving your family goals.
Consider the following forums for your family governance structure:
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