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succession

Sustaining the family business: The importance of listening to Next Gens

May 16, 2023

As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering board Next Gens’ experience, insight and opinion is vital to ensure future success.

As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering Next Gens’ experience, insight and opinion is vital to ensure future success.

Resolving conflict with communication: Why talking it out can save a family business

May 9, 2023

In the midst, as we are, of a major generational succession transition in which trillions of dollars are changing hands, it has never been more important for every family member to feel that they have a voice and, more importantly, feel they are heard.

In the midst, as we are, of a major succession event in which trillions of dollars are changing hands between ultra-high-net-worth (UHNW) family members, it has never been more important for every person to feel that they have a voice and, more importantly, feel they are heard.

Philippe J. Weil: ‘The complexity of being born into wealth’

May 3, 2023

An experienced fourth-generation family member who has the passion and drive of a first-generation founder, Philippe J. Weil is a man of unique insight and knowhow. Here in his own words, he talks about effective governance advice and the importance of listening to every generation…

An experienced fourth-generation family member who has the passion and drive of a first-generation founder, Philippe J. Weil is a man of unique insight and knowhow.

Coming from a Swiss Jewish family that has traded in one form or another for more than 400 years, his great grandfather on his father’s side made a splash in the textiles industry before the family diversified into commodity trading and residential real estate.

Why are family businesses failing to properly plan for succession?

May 2, 2023

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans.

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans. Especially, as revealed in The 2023 North America Family Business Report from Brightstar Capital and Campden Wealth, as the majority of family businesses (61%) do not have a written, formal succession plan in place - while 44% still need to develop a succession plan or have no plan at all.

Why communication issues and lack of succession planning are putting North American family businesses at risk

May 2, 2023

The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveals that major concerns for thriving family businesses owners are succession planning, economic risks, and family communication.

For many well-established North American family businesses, long-term planning and forward thinking are the hallmarks of their enduring success. However, findings in The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveal that a majority of family businesses should address formal succession planning amid fears about a market downturn fueled by higher inflation and rising interest rates.

How King Charles III is expected to shake up the Royal Family ‘Firm’

April 24, 2023

As we approach the King’s Coronation, stamps, money and the National Anthem won’t be the only things altering. King Charles III’s reign is expected to bring with it transformative change that will fundamentally rewrite how the Royal Family operates.

As we approach the King’s Coronation, stamps, money and the National Anthem won’t be the only things altering. After 70 years of steadfast navigation and necessary adaptation from Queen Elizabeth II, King Charles III’s reign is expected to bring with it transformative change that will fundamentally rewrite how the Royal Family operates.

Robyn Langsford: Helping family businesses to ‘Hum’

April 12, 2023

As one of KPMG’s Global Leader for Family Business, Robyn Langsford has more than 25 years’ experience working closely with private clients. In an interview with Campden FB, she talks about putting the spotlight on leading female entrepreneurs, broaching the succession question and educating Next Gens…

As one of KPMG’s Global Leader for Family Business, Robyn Langsford has more than 25 years’ experience working closely with private clients to deliver strategic financial and tax advice tailored to their business and the challenges they face.

A trusted adviser to family businesses and family offices, she has a broad skill base and diverse experience that enables her to solve multidisciplinary problems and add value.

Philip Mackeown: Giving voice to family successors

March 23, 2023

The author of The Successor’s Voice, a practical guide for family members navigating the rocky road to succession, talks about building up resources, empowering through knowledge sharing and development of family talent…

“I wanted to write a book that I would have liked to read when I started out,” says fifth-generation family business owner, family talent advisor and successor development coach and mentor, Philip Mackeown of his reasons for penning The Successor’s Voice.

The generational handover in family business: Is it better to appoint internally or externally?

March 7, 2023

Sooner or later, all privately-owned companies have to tackle the quandary of the generational handover, but is it better to keep it in the family or bring in fresh blood, asks Jesús Rico, professor of strategy at EAE Business School?

Sooner or later, all large family companies have to tackle the quandary of the generational handover. Should they appoint a member of the family who knows the company and has its mission imprinted on their DNA? Or is it better to bring on board a director from outside the company who shakes things up with a new vision?

Enhancing human capital in business families: Creating a culture where everyone has a voice

March 3, 2023

Some younger family members aren’t waiting for formal transitions. They’re focused on contributing today to a world that will still be sustainable in 100 years' time, says KPMG's Creagh Sudding.

There are widespread and ongoing discussions among family businesses about the potential roles and contributions of next-generation family members. In some cases, this is the result of impending succession decisions and the need for a smooth transition from one generation to the next. But, in other cases, younger family members aren’t waiting for formal transitions. They’re focused on contributing today to aworld that will still be sustainable in 100 years' time.