A family constitution helps the next generation transition. Just look at the Royal Family
The first step in establishing good family governance is to put a legal structure in place to identify where the control and economic interests lie.
During his first investiture ceremony, Prince William nervously wielded the investiture sword over Andy Murray's shoulders to dub him a knight of the realm. It was endearing that he admitted to being nervous and that he practised with his father to make sure he didn't slice off someone's ear.
To read the article in full go to Spear's blog
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