The Four-Circle Governance Model

The challenges of perpetuating wealth and enterprise across generations—with the breakdown of governance as a key factor—are well researched and documented.¹ To better understand the true role of governance in the family system, look to the definition that originates from the Latin verb “gubernare,” which means to steer or to direct.² Families who desire their family wealth or enterprise to endure often grapple with how best to steer the enterprise in a way that