Succession

The Indian Institute of Management, in Bangalore has introduced a new course to its prospectus designed to help educate the next generation of family business owners.

Dubbed the Management Programme for Entrepeneurs and Family Business (MPEFB), the course is part of the institute’s Raghavan Centre for Entrepeneurial Learning (NRSCEL) and has been specifically designed for those who intend to run the family business as well as those who are wanting their family business to become more successful.

Wealthy families are all too aware of the importance of protecting their wealth. Unfortunately, according to a new survey on this topic, in practice families are failing to do enough

A ground-breaking new study has provided a unique glimpse into how ultra high net worth families around the world are attempting to protect their wealth. And the stark fact is that they are not doing enough.

Family-owned Schwan Food Company has announced that interim leader and non-family member Greg Flack has been appointed CEO, president, and COO of the US-based frozen food business.

Flack, who has been with SFC for over 20 years, takes the reins following a long drawn out search that began back in February when Lenny Pippin, another non-family CEO, resigned unexpectedly.

Pierre Beaudoin (pictured), grandson of Bombardier founder Joseph-Armand Bombardier, has become president and CEO of the Canada-based transportation and aerospace company. His father, Laurent, is stepping down after 42 years at the top.

Laurent's last duty as president was to announce the firm's first quarterly results, which showed a revenue growth of 21% to reach $4.8 billion. He will continue as chairman - a role he has held since 1979.