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 the sad deterioration that others experience? This book takes families and the professionals who serve them beyond the now widely accepted practices offered in Family Wealth/a and offers a view of Hughes's panoramic insights into what makes families flourish and fail. It lays out the basis for the vision of family governance the author has been developing through his work and research. His advice addresses not only what to do but how to think about the complex issues of family governance, growth, and stability and the ongoing 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-generation counselor-at-law, was the founder of Hughes and Whitaker, a law partnership in New York, where he focused on the representation of private clients throughout the world. Now retired from active practice, he frequently facilitates multigenerational family meetings, with an emphasis on governance issues. He serves on the boards of various private trust companies and is an adviser to numerous investment institutions. Before starting his own practice, Mr. Hughes was a partner of the law firms of Coudert Brothers LLP and Jones, Day, Reavis & Pogue (now Jones Day), both in New York.

Mr. Hughes's articles on family governance and wealth preservation appear in professional journals, and his series of reflections on related issues are featured on his Web site. He is the author of Family Wealth: Keeping It in the Family/a, published by Bloomberg Press, and a member of the editorial boards of various professional journals. A widely recognized speaker, Mr. Hughes is frequently called on to address international and domestic symposia on helping families to avoid the fate of the shirtsleeves-to-shirtsleeves proverb and to instead flourish through the growth of their human, intellectual, and financial capital.

Mr. Hughes is an emeritus member of the Board of the Philanthropic Initiative, a counselor to the Family Office Exchange, an emeritus faculty member of the Institute for Private Investors, a retired member of the Board of the Albert and Mary Lasker Foundation, and former adviser to New Ventures in Philanthropy. He is also a member of the Friends of the Institute of Noetic Sciences, a member of the Roundtable of the Hastings Institute, a member of the board of the Spiritual Paths Foundation, and a member of the board of the Rocky Mountain Institute. Educated at the Far Brook School, Mr. Hughes is a graduate of the Pingry School, Princeton University, and the Columbia School of Law.
Readers may contact the author and learn more about his ideas at www.jamesehughes.com/a.

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