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Ownership and Management

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.

George Muthoot George: ‘Sustainable practice is at the core of what we do’

February 27, 2023

In an exclusive interview with Campden FB, 19th-Generation family member George Muthoot George of the Muthoot Group talks about living up to family legacy, a passion for hospitality and the ultimate motivation for sustainable investment…

For nearly 800 years, the Muthoot family have been heavily involved in business and philanthropy in and around Kerala, India. Since its formal establishment in 1887, the Muthoot Group has grown into multi-layered conglomerate focussing on financial services, healthcare, agriculture, housing, media, education and more.

Does culture really eat strategy? The importance of family business continuity planning

February 23, 2023

Dr. Richard Orlando discusses the invisible glue that holds families together and how that can affect the success or failure of a family business.

For anyone who has worked with (or in) family businesses for any meaningful period of time, especially as it pertains to continuity planning engagements, they would have heard family members say something like:

Victoria Engelhorn: Becoming more than her family name

February 16, 2023

A beneficiary of the sale of her family’s multi-generational pharmaceutical companies, Victoria Engelhorn was determined to take the opportunity to grow, realise her own dreams and give back to society. In an exclusive interview with Campden FB, she reveals how forging her own socially responsible path gave her meaning and purpose.

The granddaughter of billionaire German businessman Curt Engelhorn, great-great granddaughter of Friedrich Engelhorn (the founder of chemical giant BASF) and the beneficiary of a family-wide windfall, Victoria Engelhorn understands all too well the heft and privilege of inheriting great wealth.

Redefining wealth as succession comes to the fore in family businesses

February 10, 2023

With the next generation of family members increasingly beginning to come into the workplace, family businesses are recognising the changes and challenges that succession may bring. New values and a strong focus on sustainability have implications for asset allocation, diversification and definitions of success, says KPMG's Tom McGinness.

As the new generation begins to come through, many current family business leaders are recognising that not all of their next-generation family members will work in the business. As a result, there are increasing concerns about the succession of the business amongst business families – and what ramifications this has for how wealth is defined and sustained.

One response may be to look at selling the family business to other families or to larger organisations.

How freedom from wealth as you age can open a new world of possibilities

February 4, 2023

In his new book, The Chase Continues, Charles Lowenhaupt presents a practical guide to ageing written for both wealth holders and their adult children who care for them. In an exclusive interview, Lowenhaupt discusses the benefits of talking about getting older and living out your dreams.

In his new book, The Chase Continues, Charles Lowenhaupt presents a practical guide to ageing written for both wealth holders and their adult children who care for them.

FB Roundup: Theo Albrecht Jr., Alex Gerko, Gautam Adani

February 2, 2023

In this week’s FB Roundup, Aldi heirs settle their long-running dispute; Russian-born billionaire Alex Gerko is named as the UK's biggest taxpayer; and Gautam Adani loses billions in personal wealth in less than a week.

Aldi heirs settle long-running dispute
The heirs of Theo Albrecht, the co-founder of family-owned German multinational discount supermarket chain Aldi, have settled on a new ownership structure following a long-running feud.

Stefan Schurig: Change is not just an elite thing

January 23, 2023

Climate and global energy transition expert Stefan Schurig talks about the aims of The Toni Piëch Foundation, the importance of the UN’s Sustainable Development Goals and how next gens are driving positive change.

Having started his career on construction sites and training as an architect, Stefan Schurig’s early pivot into highlighting climate change and energy issues by transforming cities into self-sufficient systems has shaped him into an authoritative voice on sustainability issues.

European Family Office Report: Uncertain times lead to certain measures with an increased focus on private equity

January 16, 2023

Campden Wealth reveals European family offices are proactively adopting inflation-mitigating investment strategies as economic uncertainty looks to continue for the foreseeable future.

After a tumultuous few years and with even more uncertainty set for the foreseeable future, Europe-based family offices are proactively adopting inflation-mitigating investment strategies, according to Campden Wealth’s new European Family Office Report 2022.