Part 2 - Defining our Legacy - Flipbook - Page 33
THE SECRET TO A SUCCESSFUL SUCCESSION
In the final chapter in the series, we will explore the role of governance in securing
a sustainable legacy with thoughts from experts across the firm and in our family
business networks. Here we will touch upon the difficult challenge of encapsulating
the owner’s ‘magic’ in ways that are tangible and transferrable; how the broad
principles of governance can be vital to family businesses in owning, managing
and passing on assets; and how governance can also be a useful context in which
to broach sometimes ‘taboo’ subjects linked to succession and wealth transfer.
Our aim is to help both start, and evolve, the conversation, and in doing so take into
account the priorities of the next generation in ways that will support a legacy’s
sustainability and reflect their families’ purpose, values and sense of cohesion.
At Boodle Hatfield we have been supporting and advising our clients for over 300
years, helping them to secure what matters most to them – the future of their family,
the security of their assets, the continuation of businesses, the wider contribution
they want their wealth to make to the community and other good causes, and the
pursuits and interests they are passionate about. This is their legacy, and securing
it is our business.
