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Matthew Sperry Quoted on Family Governance Challenges in STEP Journal

October 25, 2017

An October 2017 article headlined “Family Values” covered a STEP Journal roundtable sponsored by SANNE, in which McGuireWoods partner Matthew Sperry, co-chair of the firm’s Global Private Client Practice, offered his perspectives on global family governance and other key private client issues.

Commenting on family governance frameworks, Sperry said an effective structure can compensate for having the wrong people in governance roles.

“Sometimes, families end up with the wrong people serving in important governance roles,” he said. “That happens in businesses all the time. Like in the business environment, a properly developed family governance structure provides the foundation necessary to ensure that the wrong people do not eviscerate the family’s wealth and fuel conflict. The governance model employs checks and balances to ameliorate those issues.”

Sperry was the only U.S. lawyer on the panel of 11 private client professionals participating in the roundtable held at the Law Society in London.