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succession planning

October 29, 2014

Primogeniture is no longer the norm when it comes to succession planning, a new family business report reveals, with daughters and younger siblings worldwide increasingly taking up executive positions.

Primogeniture is no longer the norm when it comes to succession planning, a new family business report reveals, with daughters and younger siblings worldwide increasingly taking up executive positions.

June 2, 2014

Malcolm Glazer’s long established estate succession plan for the two sports teams he owned will ensure they remain with the Glazer family for generations to come, the family has said in a statement.

Malcolm Glazer’s long established estate succession plan for the two sports teams he owned will ensure they remain with the Glazer family for generations to come, the family has said in a statement.

Malcolm Glazer, the US real estate mogul and owner of Manchester United and NFL team the Buccaneers, has died aged 85.

The Buccaneers made a statement on their website about the future of the team.

May 14, 2014

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

May 2, 2014

A change of leadership at Ford Motor Company has been accelerated six months and declared one of the smoothest in the family business’s history, according to the fourth-gen executive chairman.

A change of leadership at Ford Motor Company has been accelerated six months and declared one of the smoothest in the family business’s history, according to the fourth-gen executive chairman.

On Thursday, the US carmaker announced Alan Mulally, 68, who steered the company through the global financial downturn, would be stepping down as chief executive and president on 1 July.

Mark Fields, 53, who has been the company’s chief operating officer since December 2012, will replace him.

December 10, 2013

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

According to Asian business families succession: going the distance with the next generation, the first generation of a family firm is only likely to cede management control in their 70s.

June 19, 2013

Lawyers and family business experts suggest a divorce like the one Rupert Murdoch is facing could be a big distraction for a company boss, particularly at a time when the business faces challenges – as the Murdoch empire might following its recent split into two firms.

Lawyers and family business experts suggest a divorce like the one Rupert Murdoch is facing could be a big distraction for a company boss, particularly at a time when the business faces challenges – as the Murdoch empire might following its recent split into two firms.

Senior partner and co-founder of Banyan Family Business Advisors Henry Foley said divorce increases tension within the family business, and multiple divorces compound these impacts. Murdoch, 82, filed for divorce from Wendi Deng last week – he has already been through two other divorces.

May 21, 2013

Outdoor retailer L.L. Bean has announced Shawn Gorman – great-grandson of the family business’s founder – as its new chairman, in the culmination of a leadership transition initiated by Gorman’s uncle Leon two years ago.

Outdoor retailer L.L. Bean has announced Shawn Gorman – great-grandson of the family business’s founder – as its new chairman, in the culmination of a leadership transition initiated by Gorman’s uncle Leon two years ago.

February 14, 2013

You’ve got to give it to the Catholic Church, they do things in style.

The process in most organisations, when they are looking for a new leader, is to get a bunch of people to sit hunched in soulless offices and thrash it out over Formica tables and pots of over-brewed coffee. The result is announced by a press release. New popes, however, are elected by a bunch of men fluttering down baroque corridors in colourful gowns, talking in Latin, fidgeting with prayer beads and channelling the Almighty. 

They let the world know what they’ve decided via an eccentric system of smoke-signals. Still, it seems to work.

January 31, 2013

One of India’s largest family businesses is keeping observers guessing on succession, despite speculation in the Indian media that a successor has been chosen.

One of India’s largest family businesses is keeping observers guessing on succession, despite speculation in the Indian media that a successor has been chosen.

Holding company HCL Corporation, which controls a number of telecoms and IT businesses, would not confirm that Roshni Nadar will succeed her father Shiv Nadar as chairperson. That’s despite a report in the leading Indian newspaper the Hindustan Times saying Roshni, 31, will succeed her father.

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