Creating Sustainability for Your Family Council?

Kelly LeCouvie
Kelly LeCouvie

The work associated with being a member of your Family Council is significant. You are representing the larger family, and committing to work with the leadership group as they develop and implement specific initiatives.  Family Council work is often meaningful and rewarding. At the same time, it can feel burdensome, tedious and thankless. Family Council members do not always get much reinforcement for their work, and it is not uncommon for Council members to reach a burnout stage during their tenure on the Council. There are a few things to keep in mind that might help manage potential burnout:

  • Develop a plan for the next one to three years that maps out overarching objectives and specific initiatives for the Council;
  • Work to develop a set of actions that you can actually achieve, with the limited resources (typically human resources) you have available;
  • Be sure to engage with and manage your Family Office resources optimally;
  • Do no hesitate to selectively reach out to family members not on the Council to provide their expertise and support for specific projects;
  • Ensure that Council members communicate regularly on progress, and instill some accountability measures for follow-through responsibilities ongoing.

These are just a few suggestions for Family Council members to consider as they navigate the diverse and expansive responsibilities of a critical governing body.

Leave a Reply

Your email address will not be published.