by | Oct 23, 2017 | Blog, Board Governance, Business, Business Advisory, Family Offices, Trust
How did Milton S. Hershey close the ownership loop of his business enterprises? Mr. Hershey created three trusts: two during his lifetime and one upon his death. He designated Hershey Trust Company the trustee of the three trusts. Hershey Trust Company is a...
by | Oct 13, 2017 | Blog, Board Governance, Business, Business Advisory
Let’s start with the Hershey Trust Company, a Pennsylvania bank created in 1905, wholly owned by Milton S. Hershey. In 1909, Mr. Hershey created his Deed of Trust. In it, among other things, he put all of his business assets into trust and made the Hershey Trust...
by | Oct 12, 2017 | Blog, Board Governance, Business, Business Advisory
I’ve often been asked the question, “What is the appropriate size of a board?” The answer, of course, depends on the type of organization. With a non-profit board, fund raising is an important responsibility for board members. Therefore, they tend to have large...
by | Sep 18, 2017 | Blog, Board Governance, Business, Family Offices
Although it might not be a term that you are familiar with, family offices are incredibly prevalent in today’s society. In layman’s terms, family offices are private firms that manage the assets of an incredibly wealthy family. Because of their rising popularity, and...