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succession

January 19, 2009

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

The 83-year-old’s father, Kiichiro Toyoda, founded the motor company while his grandfather Sakichi Toyoda is credited with starting the Toyota dynasty.

Shoichiro joined the business as a director in 1952, served as president between 1982–1992 and has been honorary chairman since 1999.

July 1, 2008

The prospect of a family member succeeding Patrick Ricard at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

The prospect of a family member succeeding Patrick Ricard (pictured) at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

Patrick's nephew Alexandre Ricard moves up to take the post of chairman & CEO Irish Distillers. Alexandre, 35, has been managing director of Pernod Ricard Asia Duty Free since September 2006. He joined the business in 2003 as an audit and business development manager after graduating from ESCP and Wharton.

July 1, 2008

Wealthy families are all too aware of the importance of protecting their wealth. Unfortunately, according to a new survey on this topic, in practice families are failing to do enough

Wealthy families are all too aware of the importance of protecting their wealth. Unfortunately, according to a new survey on this topic, in practice families are failing to do enough

A ground-breaking new study has provided a unique glimpse into how ultra high net worth families around the world are attempting to protect their wealth. And the stark fact is that they are not doing enough.

June 12, 2008

An exclusive excerpt from the US Trust, Bank of America Private Wealth Management/Campden Research study Protecting the Family Fortune

An exclusive excerpt from the US Trust, Bank of America Private Wealth Management/Campden Research study Protecting the Family Fortune

Because of their success, ultra high net worth family businesses will at some time face succession issues. Moreover, the family businesses in this study have already lived through a "passing of the baton" at least once.

Succession planning is the process of efficaciously transitioning the family business to other parties.

June 12, 2008

Nearly four out of five affluent family business owners want to keep control of the business within the family but very few have the structure in place to achieve this, a new study from US Trust, Bank of America Private Wealth Management and Campden Research has found.

Nearly four out of five affluent family business owners want to keep control of the business within the family but very few have the structure in place to achieve this, a new study from US Trust, Bank of America Private Wealth Management and Campden Research has found.

The research, conducted by renowned wealth consultant Russ Alan Prince, found that 78.1% of ultra high net worth family business owners wished to keep their businesses in the family but that very few of them were utilising succession plans that would ensure this outcome.

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

January 1, 2007

Don’t let those close to you delay your decision to retire and pass on the baton. Once the planning process is complete, says Tom Davidow, work together as a family and commit to the change – it can be a positive move for you, your family members and the business

Tom Davidow is founder and principal of Thomas D. Davidow & Associates, based in Brookline, MA.

Don't let those close to you delay your decision to retire and pass on the baton. Once the planning process is complete, says Tom Davidow, work together as a family and commit to the change – it can be a positive move for you, your family members and the business

September 1, 2006

Is passing the baton just a question of the transfer of management responsibility and away we go?

John Tucker  is director of the International Centre for Families in Business.

Is passing the baton just a question of the transfer of management responsibility and away we go?

September 1, 2006

Family businesses are different to non-family businesses – they have staying power borne from a commitment to impart to the next generation what was passed to them. John Ward and Colleen Lief discuss the importance of flexibility and adaptability

John Ward and Colleen Lief are with the Lombard Odier Darier Hentsch Family Business Research Center at IMD.

Family businesses are different to non-family businesses – they have staying power borne from a commitment to impart to the next generation what was passed to them. John Ward and Colleen Lief discuss the importance of flexibility and adaptability

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