Ownership and Management
Agreeing on and abiding by a family constitution serves as the backbone for success for the leading Indian integrated logistics service provider V-Trans, owned and operated by the second-generation Shah family.
Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.
The role sustainable and impact investing can play among families in saving the planet has slowly emerged to the forefront of western thinking, but families in Asia have already been putting theory into practice for years as a matter of survival.
While many might consider history as just something that happened in the past, it is found in our research to have the potential to create important competitive advantages for family businesses and even new entrepreneurs.
Family businesses often grow in an unstructured way, leading to a culture of informality. As a result, basic employment law documents can get overlooked and family members are not issued with employment contracts or subject to formal policies. This can leave the business exposed when issues arise as neither the business nor the family member have a ‘rule book’ to follow.
Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal, Lavazza coffee family in $200 million expansion of cafes in China, Sir James Dyson’s family office boosted by $1.8 billion transfer.
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