Why Family Businesses Must Prioritise Governance and Succession Planning

7 March 2025

The Stakes Are High

A small personal dispute can snowball into something massive if you don’t have proper governance or dispute resolution processes in place.
Katherine MuldoonSpecialist Private Client Lawyer, Partner (Of Counsel), Spencer West Kenya

Governance: The Silent Stabiliser

Governance applies to all types of businesses, not just affluent families. It’s about having rules in place from the very beginning to manage growth and avoid future conflicts.
Faizal BhanaDirector – Middle East, Africa and India, Jersey Finance

The Succession Planning Gap

Navigating Legal Complexities

Trusts are often overlooked, but they’re vital for protecting assets, managing wealth, and ensuring vulnerable beneficiaries are cared for—while also offering tax efficiency.
Katherine MuldoonSpecialist Private Client Lawyer, Partner (Of Counsel), Spencer West Kenya

The Path Forward with Jersey

Our expertise on the Island, our experienced practitioners, some of whom travel regularly to the continent, engage directly with families to understand their challenges. It’s not about being an expert in local regulations; rather, we partner with local experts to provide globally recognised solutions.
Faizal BhanaDirector – Middle East, Africa and India, Jersey Finance