Succession is not easy and being the son or daughter of the founder does not necessarily qualify you to be the next CEO.

Succession planning is not about stepping aside. It’s about ensuring continuity, stability, and trust, for the business, and for the family that depends on it.

Continuity is not secured by birthright or sentiment, but by incentives, institutions and credible opportunities.

Among businesses already using AI, one third have reduced hiring of graduates or entry-level staff, although 62% say AI has had no impact on hiring so far.

Stepping into the boardroom of a family enterprise is unlike joining any other corporate governing body. The next generation arrives not merely as aspiring directors but as custodians of a legacy, inheriting both the privilege and the responsibility of shaping the firm’s future.

The Bank of America Family Office Study: Perspectives on the Modern Family Office reveals that the next decade will be a defining era for the world’s wealthiest families.

Next generation members in family businesses face lots of challenges and one that's increasingly being recognised is the role of imposter syndrome in future leaders.

Shareholders agreements are important to minimise potential conflicts in family firms

After decades at the helm of a family business—steering it through the highs and lows, the recessions and recoveries—retirement should be...

The transition of leadership in a family business is never just about passing on titles or control — it’s about preparing the next...

Family businesses are often viewed through the lens of tradition—steadfast, familiar, and consistent. But beneath the surface lies a quiet revolution. Increasingly, it is the interweaving of different generations within these firms that is driving innovation, digital transformation, and strategic evolution. Where one generation brings experience, resilience, and long-term thinking, the next brings fresh perspective, digital fluency, and a desire for change. Together, they cre

Family businesses form the bedrock of the global economy. From traditional high-street shops to cutting-edge tech start-ups, the...

Succession planning is often one of the most delicate and decisive phases in the life of a family business. While many enterprises thrive...

Family businesses across the UK are now at a more pressing crossroads, with recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR) announced in the UK Government’s Autumn Budget. These adjustments are pushing many families to reconsider their options—whether passing the business to the next generation remains viable or if a sale may ultimately serve the best interests of the family, their employees, and the communities they support. The questi

The family business leaders of tomorrow will need to cultivate a diverse set of skills and competencies to successfully navigate the evolving landscape of business and family dynamics. As these businesses often operate at the intersection of personal relationships and professional responsibilities, future leaders must be adept at balancing these elements while steering their businesses toward growth and sustainability. One of the most crucial skills for future family business

Wielding an estimated $150 billion purchasing power globally, Gen Z consumers – spanning those born between 1997 and 2012 – are a...

For generations, daughters were often overlooked for succession in family businesses, with gender playing a decisive role in leadership choices. Males were traditionally favoured, and if daughters joined the family enterprise, they were typically relegated to lower-level tasks, far from the helm of leadership. Daughters entered family businesses for varied reasons, including family loyalty, filling undesired roles, seeking flexible schedules, and enhancing job satisfaction. D

In family-run businesses, keeping control over operations, wealth, and legacy across generations can be challenging. A Family Protector can be a crucial figure in safeguarding family interests, managing wealth, and ensuring smooth leadership transitions. What Is A Family Protector? A Family Protector is a trusted individual appointed to oversee and protect a family's wealth, business interests, and legacy as it passes from one generation to the next. This role can vary depend

One of the most common sentiments I hear from family business owners is, “I don’t know if my children are interested in coming into the business. I certainly don’t want to force them; they have to make their own minds up.” It’s an admirable approach—one that respects the autonomy and individual paths of the next generation. But, while the intention behind this sentiment is commendable, the reality is often more complex. The question we need to ask ourselves is this: Are the c

Family business succession planning is a critical yet often overlooked aspect of managing a family-owned business. With a vast majority...