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Risk management lacking in US family businesses

January 22, 2015

More than two-thirds of family businesses in the US have failed to implement formal risk management procedures, despite the majority recognising that threat identification is a top priority, new research has revealed.

Family Enterprise Risk Index 2015, published by strategic risk and insurance advisor Crystal & Company, found that 66% of respondents believed that risk management was a top strategic objective, but found only 30% had implemented formal processes.

Women to take more active role in GCC family businesses

January 21, 2015

Family businesses in the GCC are looking to increase the number of women in senior management positions over the next decade in order to emulate the success of their global counterparts, new research suggests.

Too much of a good thing? Research finds European family offices aren't getting involved in philanthropy

January 6, 2015

European family offices are less likely to manage philanthropy projects than their global counterparts. What impact is this having on their charitable giving and engagement of the next generation?

Family offices in Europe are far less interested in managing family philanthropy than originally thought, with more than one-third (36%) not involved in the practice at all, according to the Global Family Office Study 2014. This is proportionally higher than any other region.

Family businesses’ contribution to UK economy emphasised in new research

December 17, 2014

A UK family business association has released figures detailing how the sector supports the country’s economy, revealing that family-owned enterprises pay £102 billion (€129 billion) in tax annually and provide 9.4 million jobs.

The UK’s thriving family business sector is home to three million family enterprises and generates a quarter of GDP, the Institute for Family Business (IFB) said in its new research.

Women poorly represented on family business boards in Europe

December 16, 2014

Women make up only 16% of family business boards in Continental Europe’s four largest economies, and only 10% of boards in Germany, new research has revealed.

Women make up only 16% of family business boards in Continental Europe’s four largest economies, and only 10% of boards in Germany, new research has revealed.

The 2014 Survey of Corporate Governance Practices in European Family Businesses examined board composition, board efficiency, succession planning and chief executive/chairman demographics.

Entrepreneurs overtake old money as the new face of wealth

November 19, 2014

The face of wealth in the UK is no longer dominated by ‘old' money after an increase in the number of entrepreneurs selling their companies has led to a spike in significant wealth generation, according to a new study.

Deloitte expands family business offering with acquisition

November 18, 2014

The proliferation of entrepreneurialism around the world means the family business sector has massive growth potential, according to Deloitte, and the Big Four firm is positioning itself to further take advantage of this market.

It announced this month that it is acquiring UK family enterprise business Peter Leach & Partners. In a press release, Deloitte described the eponymous founder as the founding father of family business in the UK.

Succession planning is a priority for family businesses in south-east Asia

November 12, 2014

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

Business and giving: the emerging wealth

October 10, 2014

Asia, the Middle East and Africa are currently some of the fastest growing economies in the world. Now a new report profiles what makes the regions’ high net worth business owners tick.

Founded in 1974, Foxconn, a Taiwanese electronics empire, already has revenues of $131.8 billion (€104.4 billion). It’s not a consumer brand, but its electrical components power iPhones, Kindles and Playstations, among other gadgets. Still in the hands of its founder, Terry Gou, the company is an example of the way private business can exploit the skyrocketing economies of developing regions.

Rich in Greece and Spain see significant wealth drop

October 7, 2014

Wealthy Spaniards and Greeks have felt the pinch from the economic crisis with the average ultra-high net worth individual in each country losing around a quarter of their wealth since 2007, according to new research.

However, the inaugural Julius Baer Wealth Report Europe found that the experiences of Europe’s most wealthy has varied substantially from country to country, with the net private wealth in Switzerland and Germany rising €1 trillion and €2 trillion respectively from pre-crisis levels.