Read articles published by LGA’s thought leaders in family business continuity and governance
In this article originally published in FFI Practitioner, our Advisor Jeremy Cheng explores the dynamic nature of legacy within family enterprises and the critical role of governance in its evolution. He emphasizes that legacy is not a static inheritance but a co-constructed entity shaped by interactions between legacy “senders” (e.g., founders) and “receivers” (e.g., successors).
LGA Advisor Jeremy Cheng, alongside his co-authors, explores how the second generation of Asia Green Group, a Malaysian family business in the timber and property sectors, is shaping sustainability efforts
Our latest book, The Enduring Enterprise showcases families from around the world who have thrived for generations under precisely these conditions, and what their survival and success have to teach business leaders everywhere. Why, you might wonder, would operating in New Delhi or Lagos have any relevance to some of the world’s most sophisticated businesses in New York or London?
The answer is simple: stability within these privileged environments is evaporating before our very eyes as we enter a New Age of Uncertainty.
Family leaders must have the courage and stamina to create an inclusive, participative, and results-driven culture in the family and business, supported by the right policies and systems. Such a foundation will set the stage for a family legacy which both sustains across multiple future generations, and grows along the way with each group driving growth and diversification and making its own mark.
“Moments of crisis can bring families together or they tear them apart – the choice is ultimately theirs…”
Why is it hard to find good successors? We believe that the root issues occur earlier in the lives of next-gen members, linked to the manner in which they experience their family’s wealth and legacy during adolescence and early adulthood.
Nicolas Hollanders explains what it means for family business owners to be engaged with the project.
In light of the many crises that haunt the daily news cycle, there is one segment of the corporate landscape that seems to be weathering the storm better than most: family businesses.
Tools for the next generation to approach the retirement conversation tactfully with patience, strategy and smarts.
Successful family enterprise leaders must tend both to the needs of the business and the family
