Family: The Compact Among Generations (Google eBook)

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John Wiley & Sons, May 13, 2010 - Business & Economics - 315 pages
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Why do some families thrive for generations? What accounts for thesad deterioration that others experience? This book takes familiesand the professionals who serve them beyond the now widely acceptedpractices offered in Family Wealth and offers a viewof Hughes's panoramic insights into what makes families flourishand fail. It lays out the basis for the vision of family governancethe author has been developing through his work and research. Hisadvice addresses not only what to do but how to think about thecomplex issues of family governance, growth, and stability and theongoing challenge of nurturing the happiness of each family member.
  

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Contents

A Family of Affinity
3
Defying a Proverb
13
Obstacles to Affinity The Seven Paradoxes
21
The Physics of Affinity
31
Defining the Journey
45
Essentials for Success
47
Happiness Finding the Spiritual Path
61
SelfActualization Lessons from Psychology
81
Family Leadership
155
Family as an Organization
157
Ensuring Dynamic Ownership
169
The Second Generation Leaderships Critical Stage
189
Women and Ownership
203
Tools and Pathfinders
209
The Essentials for Learning
211
Educational Assessment Tools
221

The Evolution of Family
91
From Family to Tribe The Emergence of Governance
101
Principles of Family Governance
115
A System for Joint Decision Making
117
Participation and Commitment
129
Function and Structure
137
Change and Accommodation
147
The Personne de Confiance Service Redefined
233
Roles and Characteristics of a Personne de Confiance
247
A Fathers Wisdom
265
Epilogue
283
Recommended Reading
287
Index
309
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About the author (2010)

James E. "Jay" Hughes Jr., Esq., a sixth-generationcounselor-at-law, was the founder of Hughes and Whitaker, a lawpartnership in New York, where he focused on the representation ofprivate clients throughout the world. Now retired from activepractice, he frequently facilitates multigenerational familymeetings, with an emphasis on governance issues. He serves on theboards of various private trust companies and is an adviser tonumerous investment institutions. Before starting his own practice,Mr. Hughes was a partner of the law firms of Coudert Brothers LLPand Jones, Day, Reavis & Pogue (now Jones Day), both in NewYork.

Mr. Hughes's articles on family governance and wealth preservationappear in professional journals, and his series of reflections onrelated issues are featured on his Web site. He is the author ofFamily Wealth: Keeping It in the Family, published byBloomberg Press, and a member of the editorial boards of variousprofessional journals. A widely recognized speaker, Mr. Hughes isfrequently called on to address international and domestic symposiaon helping families to avoid the fate of theshirtsleeves-to-shirtsleeves proverb and to instead flourishthrough the growth of their human, intellectual, and financialcapital.

Mr. Hughes is an emeritus member of the Board of the PhilanthropicInitiative, a counselor to the Family Office Exchange, an emeritusfaculty member of the Institute for Private Investors, a retiredmember of the Board of the Albert and Mary Lasker Foundation, andformer adviser to New Ventures in Philanthropy. He is also a memberof the Friends of the Institute of Noetic Sciences, a member of theRoundtable of the Hastings Institute, a member of the board of theSpiritual Paths Foundation, and a member of the board of the RockyMountain Institute. Educated at the Far Brook School, Mr. Hughes isa graduate of the Pingry School, Princeton University, and theColumbia School of Law.
Readers may contact the author and learn more about his ideas atwww.jamesehughes.com.

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