Preserving Your Assets Through Effective Family Governance

A thriving family business begins with a thriving family dynamic. Yet only 10% of family enterprises successfully transition to the third generation—not because of commercial or operational failures, but primarily due to breakdowns in trust and communication within the family (60%) and an unprepared next generation (25%).

To defy these statistics and ensure a smooth transition of wealth, leadership, and purpose, it is essential to establish clear and effective Family Governance structures.

Percheron Advisory supports families by helping them:

• Build a shared family dynamic grounded in values, trust, and open communication
• Clarify ownership structures, beneficiaries, and next-generation roles and responsibilities
• Institutionalize governance through a Family Constitution and a Family Council that meets regularly and develops specific family policies
• Educate next-generation members on the purpose of the family enterprise, and how the family and business systems depend on one another
• Understand the principles of succession planning, including assets, structures, and optimal timing of wealth transfers

Effective family governance leads to a unified, engaged family and strengthens the alignment between the family and its operating businesses. The result is a resilient, agile, and growing enterprise—positioned to preserve and pass on wealth successfully to the third generation and beyond.