Vimeo
LinkedIn
Instagram
Share |

Succession

May 8, 2018

Death is a sensitive topic in all cultures, but especially in predominantly Chinese societies. Despite this wariness, it is a topic I have broached with family members in several ways over the past year with revealing results.

Death is a sensitive topic in all cultures, but especially in predominantly Chinese societies. Here superstitions mean some buildings do not have a fourth level because four in Cantonese sounds like “die”. Despite this wariness, it is a topic I have broached with family members in several ways over the past year with revealing results.

In October last year I took a gamble and provided a platform in Hong Kong for family principals to talk about death. 

May 1, 2018

Ghazi Abu Nahl, insurance magnate, philanthropist, and father-of-five, shows few signs of slowing down. Despite turning 72 this year, his schedule sees him in a new city virtually every week. So how did a former refugee, who describes his ideal day as being at home with his wife and children, build a global business empire with more than $5 billion in assets? Alexandra Newlovereports

Ghazi Abu Nahl, insurance magnate, philanthropist, and father-of-five, shows few signs of slowing down. Despite turning 72 this year, his schedule sees him in a new city virtually every week. So how did a former refugee, who describes his ideal day as being at home with his wife and children, build a global business empire with more than $5 billion in assets? Alexandra Newlovereports

April 30, 2018

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

This emerging trend, along with law changes in the United Arab Emirates (UAE), could be a big boost for smoother 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?

March 27, 2018

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

March 22, 2018

Hong Kong’s highest profile family business patriarch, Li Ka-Shing, is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

Hong Kong’s highest profile family business patriarch is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

A high school dropout dubbed ‘Superman’ for his deal-making abilities, 89-year-old Li Ka-Shing is to step down as the chairman of CK Hutchison Holdings (CKHH) and CK Asset Holdings (CKAH), which he built from a small manufacturer making plastic flowers to a sprawling $100 billion telecoms to property empire.

March 12, 2018

Global principals and the next generation are slowly taking steps to ensure the family fortune lives beyond its founder, but there’s still work to be done. We find out why failing to plan for succession is planning to fail. 

Global principals and the next generation are slowly taking steps to ensure the family fortune lives beyond its founder, but there’s still work to be done. We find out why failing to plan for succession is planning to fail. 

The death of family members is hardly a topic most are falling over themselves to discuss, and this partly explains why less than half those surveyed in The Global Family Office Report 2017 (GFOR) have a full succession plan in place.

Click here >>
Close