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Succession

View from the Gulf: Overcoming succession fear itself

January 2, 2019

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored, with fresh initiatives and platforms aimed at providing support to business and high net worth families.

Both the Dubai International Financial Centre and Abu Dhabi Global Market have family office and holding company regimes. The Abu Dhabi Chamber of Commerce and Industry is exploring the setup of a dedicated Family Business Leadership Centre.

Succession beats wealth preservation as top priority for families

November 29, 2018

The world’s business families are making the successful transfer of leadership to the next generation a higher priority than even the safeguarding of wealth in an era of disruption and uncertainty.

The world’s business families are making the successful transfer of leadership to the next generation a higher priority than even the safeguarding of wealth in an era of disruption and uncertainty.

New research by Stonehage Fleming said 69% of respondents spotlighted succession planning as one of their top three concerns for future financial organisation, followed by capital preservation (62%) and tax planning (48%).

Growing family businesses face next gen conundrum says Top 75 report

November 1, 2018

More than 80% of the world’s most up and coming family businesses have their second generation or later on board, but families face a “conundrum” with their next gens over ownership versus management.

Families failing to plan for succession as wealth transfer looms

October 10, 2018

Succession planning among family offices worldwide is moving at a glacial pace despite families standing on the precipice of a huge transfer of wealth, the new Global Family Office Report warns.

Succession planning among family offices worldwide is moving at a glacial pace despite families standing on the precipice of a huge transfer of wealth, the new Global Family Office Report warns.

The fear factor in family business succession planning

September 12, 2018

Fear in the mind of a founder is one of the greatest obstacles in planning for succession in a family business, a leading family academic says.

Fear in the mind of a founder is one of the greatest obstacles in planning for succession in a family business, a leading family academic says.

A patriarch or matriarch’s fear for their own future, their fear of running out of resources to live on and their fear of having nothing to do sometimes manifested when the time came to transfer control of the business they had often spent a lifetime building.

What are the six steps for planning family succession?

September 5, 2018

A leading Spanish business school says families can plan their successions in just six steps, after finding most of the firms it surveyed did not have a structure ready to transfer control between the generations.

New research from IESE Business School revealed more than half of the companies consulted (53%) did not yet have a defined succession plan, despite acknowledging the importance of securing longevity.

Handing over the reins: Tips for planning succession

July 9, 2018

For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions. Every business is unique, but set out below are some guiding principles that can help an exit and a transition to the remaining family members.

Planning

Kinnevik maintains growing trend of female leadership in family business

May 18, 2018

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman. It has had female leaders for 11 of the past 13 years.

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman at its AGM on 21 May.

The proposed election underlines the digital innovator’s tradition of female leadership that has seen female chairs helming it for 11 out of the past 13 years.

Fawcett, a former Morgan Stanley executive who chaired the Guardian Media Group for seven years, has been deputy chairman since 2013.

FB Roundup: Subway, CIR Group & Tata Sons

May 4, 2018

Sister of Subway founder retires after 45 years, Monica Mondardini steps away from GEDI, Tata and John Deere lease to subsistence farmers

Sister of Subway founder retires after 45 years

Suzanne Greco, the sister of Subway founder Fred DeLuca, has retired as chief executive after more than 45 years with the business.

Greco started with the company as a “sandwich artist” in 1973, and worked her way up the ranks, becoming chief executive in 2015 when her older brother died of cancer.

Sibling rivalries: How to manage family dynamics when planning succession

April 25, 2018

Most business owners will agree that having a succession plan in place is critical, though often challenging, even in the best of times. But Michael Wagner, co-founder of the family-owned, Florida-based Omnia Family Wealth asks what happens when the heirs of the business have different needs, talents, goals and involvement in the family’s business?

Sibling differences and communication barriers can create major obstacles to a smooth transition in leadership that can lead to the ultimate destruction of the company.