Many business families are strong supporters of their local communities and the charities they support can make a real difference. There are many reasons why these entrepreneurs pursue philanthropic paths, including giving back to the communities that have helped them, engaging their employees and building culture, living out their values in their home town, sharing their wealth with others, giving in a tax-effective manner, and on and on. There seems to be no end to the good reasons we hear for business leaders wanting to support worthwhile charities.
Governance typically involves well-intentioned people who bring their ideas, experiences, preferences and other human strengths and shortcomings to the policy-making table. Good governance is achieved through an on-going discourse that attempts to capture all of the considerations involved in assuring that stakeholder interests are addressed and reflected in policy initiatives.
For more information about governance, Family Councils, Advisory Boards and how we can help you read more at Autumn 2019 PFI Generations Newsletter