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What is family governance and how does a family business use it for a tool for harmony? Family governance refers to the structures and processes families use to organize themselves and guide their relationship with their enterprise. When well-designed and properly implemented, family governance can help set boundaries, create clarity and result in greater harmony between family members, a more focused business and easier transitions between generations. To be effective, family governance must reflect the particular culture, dynamic and objectives of the family in question …. so no one plan is the same!