The Triple S Insurance Policy
The Strength of a Business Family is dependent upon the (i) strength of the bond among its Family Members and (ii) capacity of the Family to develop and nurture a culture of secrecy.
The Sustainability of a Family Business
is defined by the ability and the will of the:
(i) Senior members of the family to transfer their Wealth to their NextGen, in an orderly fashion; and
(ii) NextGen to (a) take over the Wealth from their Seniors, and (b) in turn, transfer it to their NextGen.
The Security of a Family Business
depends to a great extent on the implementation of comprehensive and scalable governance systems and processes, in the interest of the Family and the Business.