The council initiates many activities for the family not…

The council initiates many activities for the family not directly related to running the family businesses: It organizes family gatherings, sets the agenda, and records what is decided. It arranges educational activities for the family so that family members can become responsible, capable, and committed stewards of the family wealth. It brings family members together to talk about what they want to do with their wealth, in line with their values, and how they will do this. Through the council, the family can take on shared projects and initiatives. The council can also hold family members accountable for their behavior. It can deal with conflicts and set standards for family behavior.

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

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