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The Hidden Dangers of Family-Managed Trusts and Foundations
Manage episode 446501075 series 3503593
Вміст надано Esquire Group LLC. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Esquire Group LLC або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Discover essential insights into private trust company and foundation governance in this episode of "Wealth Uncensored" with host Jimmy and guest David Piesing. David, a personal fiduciary, dives into why having a professional on the board of PTCs or foundations isn't just a luxury, but a necessity. Learn the risks of family-run boards without expert guidance, and how they can affect trust integrity. David covers legal consequences of mismanagement and the critical role of independent directors amid changing regulations. Find out how to maintain fairness and compliance while navigating family dynamics.
0:00 Intro
0:02 Importance of Professional Board Members
1:11 Control with Family-Led Foundations
2:31 Fiduciary Duty and Governance
3:25 Professional Guidance on Boards
5:28 Consequences of Mismanagement
6:38 Importance of Independent Board Members
11:01 Changing Dynamics in Governance
15:41 Legal Challenges and Governance
22:33 Dispute Resolution Mechanisms
30:55 Conclusion
56 епізодів
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