How to advise a family business

By | December 8, 2017|Family Business|

Providing financial advice to a family running a business is complex, according to a Europe-wide study that highlighted challenges around growing a business and managing its wealth across generations. This important advisory market segment is increasingly being impacted by a ‘war for talent’, according to the European Family Businesses (EFB) and KPMG Enterprise European Family [...]

Sharing Wisdom: Lessons from successful family dynasties

By | December 8, 2017|Family Business|

A significant minority of highly successful business-owning families excel and thrive through several generations: Miele, Follett, Takanashi, Henkel, and many more. These families have much to teach us: not only on governance, strategy and business management, but also social and environmental responsibility and economic development. So what are the features of family firms with sustained [...]

Corporate Governance, Business Growth and the role of Independent Directors

By | December 4, 2017|Family Business|

A family business has many challenges as it grows and corporate governance is often pushed to the back burner as more urgent, not necessarily important, day to day activities and expansion concerns take up the owner managers’ time. The board is the most significant instrument of corporate governance. Once in place, it would improve the [...]

Good governance in family businesses

By | November 24, 2017|Family Business|

Family-Owned companies in Fiji are a crucial piece of society and the country's corporate landscape. This can be a good thing as family businesses have long been the engine of growth for economies around the world. However, family businesses often have short life spans. To ensure family businesses survive, it is important that the principles [...]

Propelling a family business forward

By | November 24, 2017|Family Business|

At a time where many enterprises are still debating about making the move into Industry 4.0, local family business Onn Wah Precision Engineering is already powering ahead. Ambitious plans that managing director Lam Keng Yew, a second-generation business owner, has in the works include 3D printing, data analytics, and smart factories - where robots and [...]

The world’s best CEO runs a family business – his example is influencing others

By | November 20, 2017|Family Business|

Pablo Isla, the CEO of Inditex, has just been nominated as the best boss in the world by the Harvard Business Review. His success looks to be influencing other family businesses in his home country to rely more on outsiders to run their businesses. Isla, CEO and chairman of the Spanish-based retail giant that’s better-known [...]

Family business succession: from dream to reality

By | November 13, 2017|Family Business|

A study by the EDHEC Family Business Centre shows the rate of intra-family business succession in France is below 20%. While the tax environment exerts a significant impact on the low rate of family succession, it represents only the tip of the iceberg. Researchers agree that succession is undeniably the most emotionally charged process in [...]

The Common Traps of Working in Your Family’s Business

By | November 13, 2017|Family Business|

“What’s wrong — is the company going bankrupt? Are we being sold?” For Charlie, who had joined his family’s bakery business two years after getting his MBA and earning his stripes at another company, this question from the plant manager came out of the blue. He was eager to earn his colleagues’ respect, rather than [...]

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