The family bank should not be a formal institution

The family bank should not be a formal institution. It isn't a bank in the normal corporate sense. It is important that it be informal so that its activities remain private and so that it can evolve a system of governance that meets the unique circumstances of the family that creates it.

— from True North (Ethics, Integrity, Truth, Values)

Also belongs to

• Expanding Your Range (Growth/Change/Education/Learning/Habit)
• Family & Parenting (Family/Parenting)
• Friends, Community & Society (Relationships/Community/Society)

Related

• Where does philanthropy fit in a family governance structure?
• The research for this book builds upon the pioneering…
• They are generative because rather than depleting or consuming…
• Put another way, most families work best in a…
• Our mission is to fulfill our potential as individuals…
• As you read you will likely notice overlaps among…