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succession planning Tag

Family enterprise advisors regularly encounter legal issues that are easy to overlook because they are embedded in family relationships, informal practices, and expectations about the future.

Choosing a family member to lead the enterprise is rarely a purely rational decision. Familiarity, lineage, seniority, and family expectations can easily overshadow the capabilities the business will need next.

Drawing on survey findings and the experiences of hundreds of family enterprise advisors, Dennis Jaffe and Chris Graves examine the psychological, relational, and practical barriers that often stall transition planning.

In this third issue of our 2026 series from BanyanGlobal, Rebecca Yu and Rob Lachenauer challenge the conventional wisdom of a slow succession process, arguing that, in some cases, prolonged transitions can create ambiguity, undermine new leadership, and ultimately delay the very change they are intended to support.

Family businesses often balance two powerful forces: the emotional bonds that sustain the enterprise and the governance structures needed to ensure long-term success.

How we frame family enterprise transitions matters. In this thought-provoking article, Jean Meeks-Koch argues that the language commonly used by advisors—particularly the term succession—may inadvertently create resistance among founders by signaling loss, replacement, and diminished relevance.

As an advisor working with family enterprises, it is important to recognize when ownership begins to feel like an obligation rather than a choice for next-generation members.

As family enterprises across Asia grow in scale and complexity, many families find that historically embedded approaches to wealth management no longer serve their long-term needs.

Succession in family enterprises is rarely just a legal or financial event—it is a test of leadership readiness, legitimacy, and continuity. Increasingly, research suggests that philanthropy can play a meaningful role in meeting these challenges.

In the first article of a new series from the Family Firm Institute Virtual Study Groups, Paul Edelman and Nuria Lasheras Mayoral of the Mediation Group examine how a second-generation family enterprise used mediation to navigate a leadership crisis, repair strained relationships, and strengthen strategic decision-making.

In this week’s FFI Practitioner, members of FFI’s Asian Circle Virtual Study Group, Kimberly Go and FFI Fellow Paul Chung, explore the complex choices facing next gen family members about whether to join the family business and the role of family business advisors in helping the family navigate these decisions.