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next generation

April 30, 2010

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

Professor Randel Carlock, INSEAD's Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

March 12, 2010

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company’s board.

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company's board.
 
The promotion of the 39-year-old was approved by shareholders today and increases speculation that Chung Eui-Sun will succeed his father, Hyundai's 71-year-old chairman Chung Mong-Koo, as head of the business.
 

February 10, 2010

When Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, publicly backed James Murdoch to succeed his father at News Corp’s helm last month, it once again sparked a flurry of media coverage. But who are going to be the most influential next gens?

When Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, publicly backed James Murdoch to succeed his father at News Corp's helm last month, it once again sparked a flurry of media coverage. But who are going to be the most influential next gens?

February 10, 2010

When a founder passes and leaves the business to his children, it can have many implications if the children take different approaches to management or do not get along, writes Christian Stewart

When a founder passes and leaves the business to his children, it can have many implications if the children do not get along, writes Christian Stewart

In an Asian family business, the traditional approach is for the founder to leave ownership in equal shares amongst his children. Whilst the founder is alive the family is kept united. But when the founder is no longer around, can the siblings work together as equal owners to continue the family firm?

January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.
 
In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.
 

September 3, 2009

Every family has a figurehead, a patriarch or matriarch who provides guidance and leadership. The influence of such a person is significant in any family but it is even greater when he or she has led the family to great wealth and success

Every family has a figurehead, a patriarch or matriarch who provides guidance and leadership. The influence of such a person is significant in any family but it is even greater when he or she has led the family to great wealth and success. Such people weald substantial power over the rest of the family and are therefore able to ensure that it maintains its integrity as a unit. But death poses a problem: how can a figurehead ensure that family unity is maintained once they are gone?

July 9, 2009

We are all aware of the merits of listening to our elders, especially within family businesses, but Stephanie Brun de Pontet advocates paying attention to the ideas of the younger generations too

We are all aware of the merits of listening to our elders, especially within family businesses, but Stephanie Brun de Pontet advocates paying attention to the ideas of the younger generations too

April 27, 2009

Two next generation members tell Samantha de Baca about how they define their philanthropic missions and how they select charities for their family foundations

As younger generations become involved in the work of their families' philanthropy, the processes they use evolve very differently. As two third-generation members, Mary Galeti and Katherine Lorenz (pictured) explain, there are many ways to select the right charities to carry out your family's philanthropic vision and to develop your own philanthropic voice.

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