Christine Blondel discusses the importance of creating and maintaining a Code of Conduct to ensure the values of the Family Business is adhered to and respected.
According to France’s Les Echos, transfer tax is one of the primary challenges associated with transferring family businesses to heirs in that country. In fact, taxes associated with transferring ownership of a family business.
Former Chairman of Clark Shoes, Roger Pedder highlights the importance of objectivity when choosing a successor in the family business.
Christophe Bernard recently featured on MTV Sports, Sri Lanka’s first privately owned television Channel, discussing Family Business governance and succession.
USA KPMG Partner Scot Guempel talks about the importance of succession within the family business.
Christine blondel discusses family business succession and how procedures need to be carried through from generation to generation.
Have you thought about when you will hand over the reins of your family business (and are actively planning towards it) or, like many entrepreneurs, do you see this event as simply occurring at some future, arbitrary and undefined date?
Family businesses are larger than individual family members, argues Christophe Viellard, president of Hénokiens, a prestigious international association comprising a diverse range of well-known and established family businesses.
The succession of any family business is as unique as the family itself. That said, moving a family business from the ownership and control of one generation to the next generation is always a seminal event.
Transitioning the family business from one generation to the next is seldom an easy and straightforward process.
As much as objective, rational-thinking business advisors caution against mixing business and family, the fact is that – by their very nature – the family and business aspects of a family business are inextricably linked.
As part of your succession plan, you’ve decided to hand over the reins to the next generation in your family business.
While it’s not always top-of-mind for business owners, succession planning is critical to ensuring the long-term success and value of the family business. A thought-out and successfully executed plan is key to securing a stable and sustainable future.
The notion regarding communication in a family business is that the process needs to be fair, and a fair process means you engage people in this process...
Many family businesses are built on the assumption that the business will pass through the family ranks to the next generation or that two generations can work side by side, learning from and supporting each other.