Family Office
FOX Launches Roundtables Aimed At Challenges For Family-Owned Firms
Family Office Exchange, the global membership organization of single family offices and their advisors, is offering three educational roundtables aimed at the challenges facing family-owned businesses, starting in early October.
(To view a separate news story about developments at FOX in Europe, click here.)
The full series is titled The Family Business Owner Series: Preparing Families for Multi-Generational Success. The series is being presented in conjunction with three of the organization’s Thought Leader Council members to talk about family engagement, board development and managing business risk.
The first roundtable, How to Promote an Ownership Mindset, will be presented with professional services firm Plante Moran and held on October 2 in Detroit. The second event is titled Building an Effective Board and the Role of Outsiders. It will be presented with law firm Schiff Hardin on October 8 in Atlanta. The agenda will focus on board development best practices and the value of including non-family board members. The third roundtable, is on November 6 in New York. Named How to Manage Family Business Risks, the program will be presented with TriState Capital Bank and feature a discussion of understanding and managing the risks inherent to family enterprises.
“In recent research we found that 56% of our members own an operating business. Running a significant family business, while overseeing the management of the family’s liquid wealth, is challenging. Many families struggle with how to integrate these different components and address the often conflicting priorities. These events help address some of their most common issues,” Karen Neal, FOX managing director, said in a statement.
The events are open to families who own, manage or control significant operating businesses. There is no charge to attend, but space is limited, FOX said.
Family Office Exchange includes over 6,000 people from 650 organizations in 20 countries.