Performance expectations and metrics to measure success must be clearly defined and customized to specific family objectives.
Chicago, Il (PRWEB) November 11, 2013
Linda C. Mack, founder and president of Chicago-based Mack International, the premier strategic family office/human capital management consulting firm, will moderate a panel discussion during the 2013 North American Family Office Conference, Nov. 12-13 at the Four Seasons Hotel Boston.
This exclusive Campden event is expected to attract more than 120 family principals and family office executives from across the country for two days of discussions on issues and opportunities critical to the family office sphere. Now in its seventh year, this private meeting for ultra-affluent families in North America offers a compelling combination of peer-to-peer learning and networking for family office principals and executives.
On Nov.12, Mack will moderate a panel of family principals and family office executives addressing the topic of “Recruiting, Retaining and Compensating Staff and Managing the Retirement of the Baby Boomer.”
“This session will highlight a variety of recruitment and compensation trends such as deferred compensation and co-investment opportunities, while also reviewing the potential impact of retiring family members from key family office roles and how to successfully plan for and manage those transitions,” said Mack.
“It is critical that the compensation plan structure and incentives are aligned with the family’s values and philosophies to drive the desired behaviors and achieve optimum results,” Mack continued. “Performance expectations and metrics to measure success must be clearly defined and customized to specific family objectives. In fact, the importance of alignment is a recurring theme for each area of consideration – long-term compensation, retention, non-family member compensation and performance management.”
“I look forward to the panelists sharing their perspectives on the compensation vehicles they have selected, what has been most successful for them and why. Participants should anticipate a lively yet thoughtful discussion of best practices and actionable ideas,” Mack added.
The 2013 North American Family Office Conference theme, “Optimizing governance structures to manage multi-generational transition, steward wealth and accomplish long-term family goals effectively,” will also include sessions on several other topics such as global macro-economic issues, investment styles and strategies, family office governance and operational effectiveness, engaging the next generations, emerging markets and alternative investments.
Mack International, LLC, headquartered in Chicago, is a global retained executive search and strategic management/human capital consulting firm serving clients in the family office, family business enterprise and the wealth management industries. Mack develops close consultative partnerships with clients and candidates and has achieved an exceptional track record of success as evidenced by consistent referrals, repeat engagements and long tenures of candidates placed. For more information, visit http://www.mackinternational.com or call 800.976.0015.