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ARTICLE · 20 MAY 2013

Part 3: Getting Lasting Results From Your Meeting

A guide to running successful family meetings.

United KingdomWealth Management

You've run a successful family meeting. Now it's time to make sure decisions are acted upon and you get lasting results.

The golden rule: delegate responsibility

If you do nothing else, it's absolutely vital to decide in the meeting who is responsible for individual actions – whether it's a family member or one of your advisers. Alongside the action point and the name of the person responsible, note down the date by which the action will be completed. The chair of the meeting can undertake to follow up on each action point and check it's being progressed, or this task can be shared among advisers.

Let the wider family know what was decided

It's to be expected that not every member of the family will be invited or able to attend the meeting. Keeping absentees informed of what happened on the day by sending them a copy of the minutes will promote trust and understanding. It is, however, good practice to inform all attendees at the meeting that this will happen,

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