Family businesses are powerhouses of the global economy. But how can they secure growth and smooth generational transfer in an age of fast-changing technology?
For our report, The Connected Generation, we interviewed family business leaders from across the world and their advisers. The report lays out their views and our recommended approach for what family businesses must do to ensure they secure their future growth by:
- Making transition more collaborative and open so that the next generation feel they can make a difference and test their ideas
- Creating a framework to introduce potential next generation leaders to the business and manage the complex legal and emotional issues involved in transition.
Contributors include Professor Morten Bennedsen, leading family enterprise academic from INSEAD, James Reed of REED, Sir Brian Souter of Souter Investments and Stagecoach, Hortense Decaux of JCDecaux Holding SA, and Maya Prabhu of Coutts.
Alongside the report we have produced a comprehensive stewardship guide, Connecting Generations: A guide for entrepreneurs and family businesses, which examines the legal and governance issues faced by family businesses in light of the accelerated pace of change caused by technology. The guide provides practical guidance and advice on how to manage the seven greatest concerns around succession that keep our clients awake at night.
To receive a copy, please contact email@example.com.
News & Insights
COVID-19: Considerations for companies
An essential toolkit setting out key issues that companies and directors should consider during this uncertain time.
Could your esports business benefit from the Government’s new Future Fund?
Esports is an increasingly competitive industry not just in the UK but on a global scale - could it benefit from the new Future Fund?
Supreme Court decides that reflective loss rule does not bar claims made by unsecured creditors
A review of the recent Supreme Court judgment which significantly narrowed the scope of the rule against recovery of reflective loss.
Charles Russell Speechlys advises LiDCO Group plc on its £30m share premium account cancellation
LiDCO, a UK-based group manufactures and supplies invasive, minimally and non-invasive hemodynamic monitoring equipment.