Purpose, which was to provide input and oversight of the diversified investment portfolio, with final decision-making authority granted to CA
Authority and reporting requirements, including responsibility for investment decisions as well as reporting cadence and recipients
Membership, consisting of Amir and his children, as well as CA and other non-voting advisory members
Meeting requirements, including frequency and regular CA attendees
Responsibilities related to investment strategy ownership, implementation, and communication
During Navneet’s initial investment-focused meetings, Kathy, CA’s Family Enterprise Solutions director, demonstrated the critical role of governance in managing family wealth. Kathy worked closely with the Marouns to understand their specific requirements, then developed a formal governance structure to aid in the transition of decision-making authority from the patriarch to multiple family members and trusted advisors.
This Investment Committee (IC)’s Charter comprised five elements:
Something about governance
Governance
The Value of Intentional Governance