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next generation

May 12, 2010

In recent years, many family-owned or controlled companies have done well preparing their late boomers or gen-Xers to pay a leadership role in the family business through planning, education and work, write Dennis Jaffe and Keith Whitaker

In recent years, many family-owned or controlled companies have done well preparing their late boomers or gen-Xers to play a leadership role in the family business through planning, education and work, write Dennis Jaffe and Keith Whitaker.

May 5, 2010

Many business owners like to claim they are socially responsible, but according to Sonia Tsao, fifth-generation family member of Singapore-based conglomerate The IMC Group, it is the next generation who should be the flag bearers for this movement.

Many business owners like to claim they are socially responsible, but according to Sonia Tsao, fifth-generation family member of Singapore-based conglomerate The IMC Group, it is the next generation who should be the flag bearers for this movement.

May 5, 2010

Antonio Conejero doesn’t pull any punches. “When the next generation is lazy, the company will probably die,” he says.

Antonio Conejero doesn't pull any punches. "When the next generation is lazy, the company will probably die," he says.

As head of the real estate division of his family business, Spain-based Grupo Siro, and president of the FBN next gen committee, the 38-year-old has a vested interest in ensuring his peers hear his message loud and clear.

April 30, 2010

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

Professor Randel Carlock, INSEAD's Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

March 12, 2010

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company’s board.

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company's board.
 
The promotion of the 39-year-old was approved by shareholders today and increases speculation that Chung Eui-Sun will succeed his father, Hyundai's 71-year-old chairman Chung Mong-Koo, as head of the business.
 

February 10, 2010

When Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, publicly backed James Murdoch to succeed his father at News Corp’s helm last month, it once again sparked a flurry of media coverage. But who are going to be the most influential next gens?

When Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, publicly backed James Murdoch to succeed his father at News Corp's helm last month, it once again sparked a flurry of media coverage. But who are going to be the most influential next gens?

February 10, 2010

When a founder passes and leaves the business to his children, it can have many implications if the children take different approaches to management or do not get along, writes Christian Stewart

When a founder passes and leaves the business to his children, it can have many implications if the children do not get along, writes Christian Stewart

In an Asian family business, the traditional approach is for the founder to leave ownership in equal shares amongst his children. Whilst the founder is alive the family is kept united. But when the founder is no longer around, can the siblings work together as equal owners to continue the family firm?

January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.
 
In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.
 

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