By Wanja Michuki, Family Enterprise Coach, Consultant, and Advisor
Why wealth transparency is a critical part of preparing heirs to inherit and steward family wealth
One of the most consequential conversations families can have is also one that many find difficult: How much wealth does the family actually have, where is it held, who owns it, and what will happen to it when the current generation is no longer here?
By Wanja Michuki, Family Enterprise Coach, Consultant, and Advisor
Compassionate Governance in Family Enterprises™ rests on five interconnected pillars:
Inclusive Design
Shared Purpose
Emotional Literacy
In finance, standards are clear. A CFA Institute charterholder must pass rigorous exams, commit annually to a Code of Ethics, and uphold a fiduciary duty to clients
Family advisory, however, remains largely unregulated. Titles and methods abound, yet many advisors claim skills they cannot substantiate. Some speak confidently about family board governance without ever serving on a board or taking formal training.
Others recycle language or “borrow” methodologies. For example, an advisor might claim to apply systems thinking without any theoretical or practical foundation. The risk? Families are exposed to advice that can destabilize relationships, erode trust, and compromise legacy.
I am delighted to have been published in the Family Firm Institute Practitioner alongside my peers, Pauline Lemaire and Daniel Trimarchi.
Click the link to access the article: https://ffipractitioner.org/navigating-individuality-and-family-unity-bowen-theory-today/