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Succession

The loss of billionaire heir Karl-Erivan Haub brings home the need for families to prepare robust succession plans to ensure their businesses survive, experts say.

The loss of billionaire heir Karl-Erivan Haub brings home the need for families to prepare robust succession plans to ensure their businesses survive, experts say.

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

Hong Kong’s highest profile family business patriarch is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

Hong Kong’s highest profile family business patriarch, Li Ka-Shing, is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

Global principals and the next generation are slowly taking steps to ensure the family fortune lives beyond its founder, but there’s still work to be done. We find out why failing to plan for succession is planning to fail.

Global principals and the next generation are slowly taking steps to ensure the family fortune lives beyond its founder, but there’s still work to be done. We find out why failing to plan for succession is planning to fail. 

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