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succession planning

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?

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.

April 20, 2018

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.

March 28, 2018

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?

November 10, 2017

A study by the EDHEC Family Business Centre shows the rate of intra-family business succession in France is below 20%. While the tax environment exerts a significant impact on the low rate of family succession, it represents only the tip of the iceberg.

A study by the EDHEC Family Business Centre shows the rate of intra-family business succession in France is below 20%. While the tax environment exerts a significant impact on the low rate of family succession, it represents only the tip of the iceberg.

For further understanding, Rania Labaki, associate professor, director of Family Business Center at the EDHEC Business School, dives below the surface to explore the “emotional nexus” binding the business and the family.

October 26, 2017

With only one-in-eight family businesses making it to the third generation, what is the secret of their success? Rosalyn Breedy, corporate solicitor at Wedlake Bell, has been advising family dynasties for more than 25 years and shares a few of her observations.

With only one-in-eight family businesses making it to the third generation, what is the secret of their success? Rosalyn Breedy, corporate solicitor at Wedlake Bell, has been advising family dynasties for more than 25 years and shares a few of her observations.

October 17, 2017

For families who wish to build a legacy for many generations to come, it is necessary—not just important—to ascertain what the desired outcomes after the “glue” of the family is no longer.

For families who wish to build a legacy for many generations to come, it is necessary—not just important—to ascertain what the desired outcomes after the “glue” of the family is no longer.

August 7, 2017

Gry Osnes, editor of Family Capitalism: Best Practices in Ownership & Leadership, continues her discussion of 10 core disciplines based on the research she supervised into the strategic and entrepreneurial approaches taken by successful family enterprises. After her first five principles last week, here are her final five.

Gry Osnes, editor of Family Capitalism: Best Practices in Ownership & Leadership, continues her discussion of 10 core disciplines based on the research she supervised into the strategic and entrepreneurial approaches taken by successful family enterprises. After her first five principles were explored last week, here are her final five.

August 3, 2017

Family business successions are often framed in an unsophisticated way: that there is one business, for which you nominate a successor, and plan the handover, says Gry Osnes, editor of Family Capitalism: Best Practices in Ownership & Leadership.

Family business successions are often framed in an unsophisticated way: that there is one business, for which you nominate a successor, and plan the handover, says Gry Osnes, editor of Family Capitalism: Best Practices in Ownership & Leadership.

She supervised international research which found successful family enterprises act very differently. They take a strategic and entrepreneurial approach, exploring new opportunities.

July 10, 2017

The misconception that wealth structuring means losing control is the biggest obstacle facing wealth managers when dealing with ultra-wealthy Chinese families and investors, says Jersey Finance.

The misconception that wealth structuring means losing control is the biggest obstacle facing wealth managers when dealing with ultra-wealthy Chinese families and investors, says Jersey Finance.

The international finance centre found 88% of practitioners it surveyed pointed to the loss of control as their greatest challenge in advising Chinese clients.

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