Recent world events have offered both individuals and businesses
across the world an opportunity for introspection. In a period of
constant change, the businesses that thrive will be those capable
of rapidly adapting to new challenges and changing circumstances.
For trustees and those operating in the private wealth sector, it
is likely that recent events will accelerate and exacerbate
existing challenges and trends. As such, there is no better time to
review governing documents, corporate governance procedures and
succession planning to ensure that they are fit for purpose.
It is in times of crisis that corporate governance procedures
are put to the ultimate test. This applies across the spectrum of
private wealth structures, such as private trust companies (PTCs)
and fiduciary committees appointed under trust structures.
