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July 29, 2021

The most basic and perhaps most ultimately effective strategy for leaders dealing with the challenges of family business is to plan, create and maintain effective communication practices.

The most basic and perhaps most ultimately effective strategy for leaders dealing with the challenges of family business is to plan, create and maintain effective communication practices.

As family business member and consultant Vernon Holleman puts it: “Communication is critical. Honest, regular communication about where the business is, how it’s doing, how it’s sort of being run and operated.

March 17, 2021

The altruistic next generation of family business leaders is the driving force behind families increasingly integrating philanthropy into their business practices, but they want to effect positive change now, rather than leave charity to the family legacy.

The altruistic next generation of family business leaders is the driving force behind families increasingly integrating philanthropy into their business practices, but they want to effect positive change now, rather than leave charity to the family legacy.

Technology is democratising giving and enabling family philanthropists to respond and measure in real-time. However, the Covid-19 crisis has not—and will not—change the fundamental patterns of giving, only exacerbate existing issues.

January 26, 2021

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation. However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation.

However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

March 23, 2020

The boards of family businesses need to step up their professionalisation to broaden succession planning, introduce the next generation and improve the gender mix, says a leading international family business consultant.

The boards of family businesses need to step up their professionalisation to broaden succession planning, introduce the next generation and improve the gender mix, says a leading international family business consultant.

January 17, 2020

Prince Harry and Meghan Markle’s decision to step down as senior royals and split their time between the United Kingdom and Canada holds a number of implications for business dynasties, and for the role of the “spare” in the “heir and spare” scenario during succession, family experts say.

Prince Harry and Meghan Markle’s decision to step down as senior royals and split their time between the United Kingdom and Canada holds a number of implications for business dynasties, and for the role of the “spare” in the “heir and spare” scenario during succession, family experts say.

The controversial move by the sixth in line to the throne and his wife and the handling by the Queen, Prince Charles and Prince William, as the comparable family business principal, heir and next gen, has gripped the world.

August 30, 2019

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

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