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governance

March 31, 2010

Family business researchers, educators and advisors have long been touting the need to extend the role of governance to non-family members, write father-and-son team Paul and David Karofsky

Family business researchers, educators and advisors have long been touting the need to extend the role of governance to non-family members, write father-and-son team Paul and David Karofsky.

January 13, 2010

Jamnalal Bajaj, founder of The Bajaj Group, was a close confidant and disciple of Mahatma Gandhi. The family is known for the major contributions it made during India’s independence movement as well as industrialisation. Unfortunately, the family is also known for infighting over ownership and control of different businesses, writes Kavil Ramachandran

Jamnalal Bajaj, founder of The Bajaj Group, was a close confidant and disciple of Mahatma Gandhi. The family is known for the major contributions it made during India's independence movement as well as industrialisation. Unfortunately, the family is also known for infighting over ownership and control of different businesses.

The latest spat arose when fifth-generation managing director Rajiv Bajaj announced that the company would discontinue the production of their famous scooters from 2010.

November 12, 2009

Ownership restructuring seems to be the current buzzword with several prominent Indian business families, however over fragmentation of family companies can do more harm than good, warns Kavil Ramachandran

Ownership restructuring seems to be the current buzzword with several prominent Indian business families. The Essel Group, a major player in the entertainment space, has just completed restructuring that aligns ownership of each business with the family member currently managing it. The fifth generation of Kirloskar Group has also announced a restructuring that aims to facilitate increased identity of ownership for individual family units.

August 27, 2009

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director, Wendel International Centre for Family Enterprise, outlines strategies to help your family business through the current storm.

In recent months many firms have laid off employees, shelved growth plans and cut budgets as the recession and general pessimism continues to afflict the business world. Amid the deepest and most widespread economic downturn for more than 50 years, international trade is forecast to fall by more than 13% and world economic activity to shrink by 2.7%, according to Paris-based body the Organisation for Economic Co-operation and Development (OECD).

August 26, 2009

It’s not just the financial losses, or the depth and breadth of this worldwide recession that is keeping many private business owners up at night – it’s the uncertainty.

It's not just the financial losses, or the depth and breadth of this worldwide recession that is keeping many private business owners up at night – it's the uncertainty. 

Uncertainty about the future of the business, an uncertainty that creates immobility, stress and distraction.

April 23, 2009

If we had to boil down the current economic crisis into one root cause it would have to be the overwhelming failure of good corporate governance. In every case from AIG, GM, Citigroup and Chrysler it seems that the real problem was the failures that occurred in the boardroom.

If we had to boil down the current economic crisis into one root cause it would have to be the overwhelming failure of good corporate governance, says Mark T Green. In every case from AIG, GM, Citigroup and Chrysler it seems that the real problem was the failures that occurred in the boardroom. Over the last few months serving on boards and working with family business clients, a constant conversation has been centered around two questions:

1) How could the board allow this to happen?

April 15, 2009

The acid test of how well we have developed the human and intellectual capital in our families is how well we withstand crisis when it hits. Even in a wealthy family, the current economic downturn is being experienced as a potentially damaging force.

The acid test of how well we have developed the human and intellectual capital in our families is how well we withstand crisis when it hits. Even in a wealthy family, the current economic downturn is being experienced as a potentially damaging force.

The wealthy may have stronger financial resources, but challenges may arise in everything from heated arguments about current risk, to certain family members who have lost significant financial assets and short tempers in otherwise more reasonable family members.
 

March 12, 2009

As the ink dries on Bernie Madoff’s confession, it is worth pointing out that family businesses are better prepared to handle today’s business crisis than their non-family counterparts because they understand two critical ideas: the meaning of leadership and the importance of values.

As the ink dries on Bernie Madoff's confession, it is worth pointing out that family businesses are better prepared to handle today's business crisis than their non-family counterparts because they understand two critical ideas: the meaning of leadership and the importance of values.

July 1, 2008

Dr Peter May explains how a constitution can help ease the struggles that family businesses face in times of succession or destabilisation, and gives advice on how best a constitution can be developed

Dr Peter May explains how a constitution can help ease the struggles that family businesses face in times of succession or destabilisation, and gives advice on how best a constitution can be developed

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