Charting A Family Succession
With multiple stakeholders, succession planning is not only important to pass on the family wealth to the next generation but also to avoid bitter disputes.
succession planning
September 2022
May 2022
December 2021
September 2020
March 2020
December 2019
December 2018
The indispensable super-hero CEO
Most Indian businesses have been built around individuals who are unwilling to relinquish control or develop others who could add strength to their organisations.
Family splits: ‘Heir-splitting’ or ‘Hair-splitting’?
There is no playbook for implementing transformation stories, but a successful split requires excellent planning and deft management.
Managing family businesses in Covid times
Like any other business, a family business too should have governance in place to ensure that both its family and business strategies are taken care of.
Succession planning by high net-worth individuals
Effective succession planning provides security over inheritance in an efficient and cost effective manner and should be considered by HNIs to avoid disputes in the future.
The role of sons-in law in family businesses
Even though daughters may prove their worth, the onus of taking family businesses forward still lies with a male heir. And in the absence of a son, the son-in-law is co-opted for this purpose.
Mahindra and Mahindra outlines succession plan
Group chairman Anand Mahindra will move to a non-executive role starting FY21; Pawan Goenka will remain MD and CEO till April 2021, after which Anish Shah will takeover the mantle.
Succession in family businesses: Right, responsibility, or a privilege?
When the family consider it a privilege, their attitude is that of reverence and respect.
Family offices in need of succession planning
A report by Edelweiss Private Wealth Management and Campden Family Connect shows that only 19% of succession plans are written and formally agreed upon.
