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succession planning

February 14, 2013

You’ve got to give it to the Catholic Church, they do things in style.

The process in most organisations, when they are looking for a new leader, is to get a bunch of people to sit hunched in soulless offices and thrash it out over Formica tables and pots of over-brewed coffee. The result is announced by a press release. New popes, however, are elected by a bunch of men fluttering down baroque corridors in colourful gowns, talking in Latin, fidgeting with prayer beads and channelling the Almighty. 

They let the world know what they’ve decided via an eccentric system of smoke-signals. Still, it seems to work.

January 31, 2013

One of India’s largest family businesses is keeping observers guessing on succession, despite speculation in the Indian media that a successor has been chosen.

One of India’s largest family businesses is keeping observers guessing on succession, despite speculation in the Indian media that a successor has been chosen.

Holding company HCL Corporation, which controls a number of telecoms and IT businesses, would not confirm that Roshni Nadar will succeed her father Shiv Nadar as chairperson. That’s despite a report in the leading Indian newspaper the Hindustan Times saying Roshni, 31, will succeed her father.

January 24, 2013

The spouse of a family business leader could be the answer to smooth succession in Australian family businesses, according to research.

The spouse of a family business leader could be the answer to smooth succession in Australian family businesses, according to research.

The study, by the Australian Research Council, financial advisers Pitcher Partners and Melbourne-based Swinburne University, found many family businesses leaders were wary of involving their spouses in succession planning.

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone. 

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

October 18, 2011

Management buyouts can help ensure a family business stays in the hands of people who care about the company and have worked hard for its success, according to a private bank.

Management buyouts can help ensure a family business stays in the hands of people who care about the company and have worked hard for its success, according to a private bank.

Family businesses may be reluctant to opt for a management buyout, but if succession plans fail, then it could be a good solution, said Mark Evans, head of Coutts Institute.

August 9, 2011

Family is the greatest motivator for Hispanic business owners, with nine in ten starting their own company to provide for their family, according to new research. 

Family is the greatest motivator for Hispanic business owners, with nine in ten starting their own company to provide for their family, according to new research.

This compares with just 77% among the general US business-owing population, the study by Massachusetts Mutual Life Insurance Company found.

July 13, 2011

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

June 14, 2011

The high valuation of family-controlled Prada has caused concern about its management, with analysts worrying that the value cannot be sustained in the future due to the family’s lack of a clear succession plan. 

The high valuation of family-controlled Prada has caused concern about its management, with analysts worrying that the value cannot be sustained in the future due to the family’s lack of a clear succession plan. 

The fashion giant’s planned initial public offering values the company at over $15 billion according to a statement by Prada. The listing will see the family’s stake – controlled by the husband-wife team of Patrizio Bertelli and Miuccia Prada – fall to 80% from the current 95% owned through family holdings.

June 7, 2011

Family businesses are not well prepared for succession despite plans to change hands within the next five years, reveals a survey by PricewaterhouseCoopers released on 5 June.

Family businesses are not well prepared for succession despite plans to change hands within the next five years, reveals a survey by PricewaterhouseCoopers released on 5 June.

Kin in the game, a survey of 1600 family businesses around the world, showed that over half of the respondents don’t have a succession plan in place, although 30% of the families expect to transfer control over the next five years.

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