The Outsider on the Family Board


Neil Kawashima said that if non-relatives are brought in to serve on a family foundation board, it must be made certain that they are not trying to advance their own agendas at the expense of family goals. He added that, in view of the relatively modest compensation for most such directors, “You have to ask: How much will they be compensated and will they have a say in a certain number of grants?” Read the full article.