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Succession

February 26, 2019

Succession is one of the most widely-discussed issues in the family business realm, but it is still relatively newsworthy when a daughter—rather than a son—takes the reins. Alexandra Newlove explores the upsurge in women inheriting ownership and management

For more than half a century, 80-year-old Marchese Piero Antinori has been a driving force behind one of the world’s oldest family businesses—Italy’s Marchesi Antinori.

But the 26-generation wine dynasty nearly slipped out of family control in the 1980s, partly due to the fact that the Marchese had three daughters and no sons, and thus assumed he had no successor.

January 30, 2019

Slowing growth with Brexit as the obstacle, loose succession planning and the rise of cybercrime are the challenges keeping Irish family business leaders awake at night, according to research.

Slowing growth with Brexit as the obstacle, loose succession planning and the rise of cybercrime are the challenges keeping Irish family business leaders awake at night, according to research.

However, Ireland performed slightly better than global counterparts on particular areas of diversity. A quarter (25%) of Irish family business board members were female compared to 21% global and 28% of Irish family management teams were women, PwC’s 2019 Irish Family Business Survey discovered.

January 10, 2019

Share, anticipate and plan are the lessons family business founders can learn from Jeanne Augier, the grande dame of French luxury hospitality, who died aged 95 this week without naming an heir to her legendary palatial hotel.

Share, anticipate and plan are the lessons family business founders can learn from Jeanne Augier, the grande dame of French luxury hospitality, who died aged 95 this week without naming an heir to her legendary palatial hotel.

The board of directors and 180 employees of the Negresco Hotel in Nice said they were “extremely sad” to announce the passing of Jeanne Augier, owner and chief executive, on 7 January.

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%).

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.

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.

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.

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.

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.

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.

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.

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

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