governance
For many, it’s the culmination of a lifetimes work. You’ve sold your business, the deal has completed and a large amount of cash has landed. Where do you go next?
Two-headed leadership can be defined as the capacity or art of leading a joint venture with two leaders who have equal conditions with respect to responsibility and participation in terms of decision-making power.
Juergen Heraeus describes himself as “just a shareholder” since he stepped down as chairman of the supervisory board of Heraeus Group after two decades last year. However, that modestly underestimates his revolutionary stewardship of the $3.5 billion family-owned giant, which celebrates its 200th anniversary as a company in 2051.
Families in Asia-Pacific are leading the world at their pace of establishing and evolving family offices as their wealth rockets, the need for succession plans becomes acute and investment returns outperform North American and European family office peers.
Family offices in North America have seen their wealth and returns soar past Asia-Pacific and European contemporaries, despite the Covid-19 pandemic, as their expanding vehicles act on their confident economic outlook and eye cannabis investments and fintech transactions.
European family offices are more optimistic about the economic outlook for 2022 than Asia-Pacific and North American peers and more than half of continental families are open to new investment opportunities.
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