Christina Wing explains why good governance is so key for family offices
What are the top challenges facing family offices right now? “Lack of governance, succession planning and preparing the next generation,” says Wingspan’s founder Christina Wing in this Q&A with Crain Currency. “Many family offices come about organically and are not thoughtfully designed or managed like a real business. That’s a mistake. Every business needs a clear mission, and it has to build a team to execute on that mission.”
In the article, Christina firmly establishes the principles and best practices for governance in an age when the family office is growing rapidly – but facing uncertainty of direction and purpose.