In this week’s article, Lisa Niemeier examines how families of wealth can continue to prosper over multiple generations. Using the power and energy of different generations, families can create flexible and renewable systems to use currently and for the future. The Generational Maze: The power grid for procreant wealth Families of wealth are constantly looking … Continue reading
This week’s article by Cathy Carroll and Margaret Wilson, called “The Experience of Succession: Re-Wired” examines how practitioners can be helpful when working with leaders and business families as they navigate succession. Using adult development theory, the authors suggest a customized approach to anticipate the challenges unique to family enterprise clients. The Experience of Succession: … Continue reading
François de Visscher (FdV): Why is it more attractive to be a direct investor as opposed to investing in private equity funds? Paul Carbone (PC): Well, I think there are several reasons. First of all, many families built their wealth by owning and building companies, so there’s a natural inclination and comfort with being a … Continue reading
(Authors: Marjan Houshmand, Marc-David L. Seidel, and Dennis G. Ma) Research Applied précis prepared by John A. Davis, Cambridge Institute for Family Enterprise Introduction Parents who are owners of family companies are generally intensely interested in their children’s development both as healthy, aspiring individuals and as future owners and maybe leaders of the family’s company. … Continue reading
Thanks to Guido Corbetta, John Davis and Maya Prabhu for their précis of articles published in the September issue of FBR. Go here for: Guido Corbetta’s précis of Is It Better to Govern Managers via Agency or Stewardship? Examining Asymmetries by Family Versus Nonfamily Affiliation John Davis’ précis of The Impact of Adolescent Work in … Continue reading
(Authors: Albert E. James, Jennifer E. Jennings, and P. Devereaux Jennings) Research Applied précis prepared by Guido Corbetta, Bocconi University Introduction The core question of the article is clear: Is agency or stewardship governance more effective for aligning the interests of (family or nonfamily) managers with those of family owners? We know that: agency theory … Continue reading
(Authors: Teresa Nelson and Christina Constaninidis) Research Applied précis prepared by Maya Prabhu, Coutts Institute As practitioners we encounter gender-related issues regularly as we help business families plan for the future ownership and leadership of their enterprises. As you would expect, I have encountered a range of approaches adopted by families: from practices of male … Continue reading
