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Family Wealth Continuity Commitment to Personal Development

Family Wealth Continuity : Commitment to Personal Development [The leaders of the Vinson family office were puzzled by the survey findings: Almost every member of the cousin generation expressed minimal interest in annual family office meetings, which had been created in order for this generation of business- owners to understand the strategy and performance of the family business. The executives and directors were surprised there was so little interest in the operating company (which made components for large industrial machinery) that had generated so much of the family’s wealth, including that of the cousins. They had initially suspected low interest due to the lacklustre attendance and participation at family office meetings, but the survey—the first of its kind for the family—confirmed the lack of interest.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Family Wealth Continuity Commitment to Personal Development

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-57638-5
Pages
93 –116
DOI
10.1057/978-1-137-57639-2_5
Publisher site
See Chapter on Publisher Site

Abstract

[The leaders of the Vinson family office were puzzled by the survey findings: Almost every member of the cousin generation expressed minimal interest in annual family office meetings, which had been created in order for this generation of business- owners to understand the strategy and performance of the family business. The executives and directors were surprised there was so little interest in the operating company (which made components for large industrial machinery) that had generated so much of the family’s wealth, including that of the cousins. They had initially suspected low interest due to the lacklustre attendance and participation at family office meetings, but the survey—the first of its kind for the family—confirmed the lack of interest.]

Published: Jun 22, 2016

Keywords: Emotional Intelligence; Family Business; Personal Development; Wealth Creator; Family Meeting

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