The Essentials of Family Governance: What Every Family Business Owner Should Know

David Herritt

Head of Center for Family Legacy, Truist Wealth

David Herritt is Head of Truist Wealth's Center for Family Legacy. In this role he is actively involved with the development of resources to aid families in areas related to their human and intellectual capital. He has extensive experience in family meeting facilitation, family communication, family policy creation and next generation education. Further, David has direct oversight of all aspects of the delivery of family governance, education, enhanced reporting and expense management. Prior to his current role, David worked for a number of trust companies including Bankers Trust, Deutsche Bank Trust and U. S. Trust. David spent much of the early part of his 25 plus year career in Trust and Estate Administration. Over time, he transitioned to focusing on the human and intellectual capital topics facing families.

He speaks and writes regularly for professional and client groups on a myriad of topics including family governance, family dynamics, next generation education and planning for closely held businesses. David attended Brockport State University and obtained a Bachelor of Science degree in Political Science and Economics. In addition, he obtained his Juris Doctor from the Cumberland School of Law. David is also a graduate of the National Graduate Trust School program at Northwestern University. David is involved with the Association of the Blind and the Connecticut Special Olympics.

Carolann Grieve

Managing Director, GenSpring Family Office Services, GenSpring SunTrust Private Wealth

Carolann Grieve is a managing director and a member of the GenSpring Family Office Services group. Carolann is responsible for delivering GenSpring's family governance and family education offerings to clients across the firm, helping families to identify their wealth objectives and to deepen their financial knowledge and what it means to live a life of wealth.

In addition, Carolann chairs GenSpring's Women & Wealth Initiative. Through this initiative Carolann works with her GenSpring colleagues to create a welcoming environment emphasizing a holistic approach to financial stability, which in turn enables women to live an informed and responsible life with wealth, to feel fulfilled and empowered to achieve their goals.

Prior to her current role, Carolann was a senior wealth strategist, responsible for assisting families with a wide variety of wealth management needs, including estate planning, tax, financial planning, fiduciary, philanthropy and family governance issues. Carolann worked closely with a client's GenSpring investment strategist and other professional advisors outside of GenSpring to ensure that all aspects of a family's wealth management plan were closely coordinated.

Carolann was previously the chief financial officer of Eagle Capital International, an investment firm and multi-family office, where she was responsible for trust and estate administration, tax return preparation, client reporting, technology and human resources. Prior to that, she worked as director of accounting at Pantasote, a publicly traded international plastics firm. Additionally, Carolann was accounting manager at the International Division of Chesebrough Ponds.

Carolann is a graduate of Iona College where she received her MBA in Finance and her BBA in Accounting. Carolann is a Certified Trust and Financial Advisor.

David Shaw

Publishing Director, Family Business Magazine

David Shaw is the publishing director for MLR Media. He also co-founded and serves as conference director of the Transitions conferences, the Private Company Governance Summit and Family Business Legacy. David writes frequently on governance issues for public and private companies, and develops and maintains close relationships with multi-generational family-owned businesses. He is married, with two grown children.