succession
It’s an issue that often comes up in conversation with family business clients: the enthusiasm of the next generation to be involved in running the business may be waning says KPMG partner Ian Beaumont.
The family talent advisor, successor development coach and former head of the Musgrave family council talks to Campden FB about successful successorship, encouraging talent and the importance of being fully informed.
Resources for bespoke wealth management and responsible governance strategies are in growing demand from restructuring family offices in their pursuit of new investment opportunities in new markets.
The Dhawan family of India is taking their company SSF Plastics to the next level in family business evolution through initiatives in professionalisation, diversification, sustainability and engaging the next generation.
Philanthropic activity is broadly a family affair that may involve carrying the reigns and building on the activity of previous generations, creating programmes for closeknit family units, equipping the next generation with the habits and skills they will cherish, or creating a sense of identity for large and disparate family groups.
There is careful planning involved at every stage of the business life-cycle, such as launching new product lines, entering new markets and moving into adjacent industries. An owner-managed business would be adept at managing such transitions, and the rigorous planning that precedes them.
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