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Succession

June 2, 2017

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

Cathedral & John Connon School | India

May 5, 2017

Molina Healthcare dumps family executives; Olayan Financing eyes IPO; family-owned Breitling sells out to private equity.

Molina Healthcare dumps family executives due to poor financial performance

US family-run Molina Healthcare has replaced the two brothers who have run the health insurer since 1996, replacing them with a non-family director due to poor financial performance.

Mario Molina, its second-generation chief executive, and John Molina, its chief financial officer (CFO), have been replaced by current chief accounting officer Joseph White who becomes interim chief executive while the company recruits a new chief executive, and CFO.

May 3, 2017

In an election campaign infamous for contradictions and outbursts, one constant factor has been the mission of Donald Trump to have his adult children and son-in-law installed as the power behind his throne.

In an election campaign infamous for contradictions and outbursts, one constant factor has been the mission of Donald Trump to have his adult children and son-in-law installed as the power behind his throne.

April 12, 2017

Living longer thanks to advances in healthcare and technology means family business leaders may marry and have children more than once, with huge repercussions around the kitchen table and the boardroom table. James Beech looks at how ‘blended families’ and family businesses mix

Living longer thanks to advances in healthcare and technology means family business leaders may marry and have children more than once, with huge repercussions around the kitchen table and the boardroom table. James Beech looks at how ‘blended families’ and family businesses mix

March 2, 2017

New World’s Adrian Cheng climbs succession ladder, Heineken results bolstered by Brexit, Euronext launches family business index

New World’s Adrian Cheng climbs succession ladder

Third-generation family member Adrian Cheng, 36, has been promoted to executive vice-chairman and general manager of New World Group – a possible signal of future succession plans.

The timing of the announcement was downplayed as a coincidence by Cheng who for the first time presented the six monthly results for the Hong Kong-based property behemoth.

New World Group reported revenues for the six months to 31 December of HKD26.6 billion ($3.4 billion).

February 24, 2017

Mental health has been called the biggest unaddressed health challenge of our age, and those most at risk often sit at the two extremes of the socioeconomic spectrum. Michael Finnigan investigates 

Mental health has been called the biggest unaddressed health challenge of our age, and those most at risk often sit at the two extremes of the socioeconomic spectrum. Michael Finnigan investigates 

February 14, 2017

Research suggests that blended families are on the rise, adding an additional layer of family dynamics to the existing complexities that business families are dealing with. 

Research suggests that blended families are on the rise, adding an additional layer of family dynamics to the existing complexities that business families are dealing with. During the inauguration of the new United States president in Washington DC, the very blended nature of the First Family was hard to miss. But is it really a new phenomenon and how does it influence family conflict?

January 24, 2017

Are robust labour markets and culture shifts drawing successors into sexy start-ups and pushing them away from ‘traditional’ family firms? Scott McCulloch reports

Are robust labour markets and culture shifts drawing successors into sexy start-ups and pushing them away from ‘traditional’ family firms? Scott McCulloch reports

Next-generation successors have long been advised to cut their professional teeth outside the family business before coming in. Yet in an era of globalised economies, where company revenues can grow enormously in a single generation, are family businesses losing their allure for affluent and entrepreneurial Millennials?

November 29, 2016

How will I ensure that I am treated fairly? Will I be able to make a difference? How do I avoid getting drawn into family conflicts? These are some of the questions that I get asked time and time again by talented individuals, who are considering joining family businesses as a non-family executive.

How will I ensure that I am treated fairly? Will I be able to make a difference? How do I avoid getting drawn into family conflicts? These are some of the questions that I get asked time and time again by talented individuals, who are considering joining family businesses as a non-family executive.

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