governance
This is the final article in the planned series of four, in preparation for the 18th Campden Wealth European Families in Business Forum in Berlin, Germany on 30-31 March, 2022. My prior articles—written for successors—addressed in turn the issue of successor value and the support successor's need to put in place to smooth succession over time.
Rogers Communications won’t challenge court ruling on family boardroom battle, Primark-owning Weston family plans overseas expansion, Li Ka-shing family bets on Bamford’s green hydrogen fund.
Agreeing on and abiding by a family constitution serves as the backbone for success for the leading Indian integrated logistics service provider V-Trans, owned and operated by the second-generation Shah family.
Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.
The role sustainable and impact investing can play among families in saving the planet has slowly emerged to the forefront of western thinking, but families in Asia have already been putting theory into practice for years as a matter of survival.
Family businesses often grow in an unstructured way, leading to a culture of informality. As a result, basic employment law documents can get overlooked and family members are not issued with employment contracts or subject to formal policies. This can leave the business exposed when issues arise as neither the business nor the family member have a ‘rule book’ to follow.
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