As the world embraces the beginning of summer in the Northern Hemisphere, and prepares for winter in the South, LGA extends our deepest gratitude to our clients and partners that allow us to play such a pivotal role supporting the continuity of leading family enterprises around the world.
These last few months have been filled with activity, as we’ve expanded our global footprint through the addition of new team members, and increased our presence in Asia, Africa and the Middle East. Later this summer, we will begin publishing episodes for the second season of our LGA Lighthouse Podcast, and will continue sharing fresh insights through a variety of articles, interviews, and other thoughtful content generated by our global advisory team.
Within that context, we’re thrilled to share with you the latest reflections from our Partner, Fernanda Jaramillo. In this edition of LGA Insights, Fernanda describes the importance for enterprising families of establishing and maintaining a shared vision to ensure continuity and legacy—particularly in moments of generational transition.
We hope the next few weeks are filled with both significant progress on your goals and meaningful moments with your loved ones. As always, our team of family enterprise advisors is here for you, whether you’re navigating a complex question or simply wish to share an insight.
Wishing you a wonderful month ahead.
Your global LGA Team
The Power of a Shared Vision: Charting the Course for Continuity
For enterprising families, a shared vision isn’t merely an abstract concept, but often a fundamental compass that helps to steer their collective entrepreneurial journey. It supports enduring alignment, fosters long-term success, and helps manage the inherent complexities at the intersection of family and business.
While the value of a shared vision is acknowledged across most organizations and institutions, its application within a family enterprise requires a uniquely tailored approach. A shared vision needs to be explicit enough to clearly define your destination and enable the development of a robust roadmap to reach it.
Click HERE to learn how to unlock the power of a shared vision for your family enterprise.
LGA Podcast: Season 1, Episode 9: How can family businesses raise good owners?
In this episode of the LGA Lighthouse podcast, LGA’s Devin DeCiantis and Nicolas Hollanders de Ouderaen dive into strategies for preparing future family business owners. From early engagement to mentorship, they explore how to build responsible and capable next-generation leaders.
LGA Highlights
What we are reading, watching, and listening to this month
In a rapidly shifting world, anticipating the future requires proactivity and perspective. That’s why our global team is on a journey of constant discovery and continuous learning in search of the latest ideas in business, leadership, family dynamics and beyond.
This month, we’ve curated the following list of resources that may be of interest – sparking new conversations across the team and expanding our thinking:
- Principles for Managing Big Debt Crises: Ray Dalio’s latest research provides a framework for understanding and preparing for large-scale economic downturns caused by excessive debt, which is accumulating in householders, governments, and businesses around the world in unprecedented amounts (as Devin DeCiantis and Ivan Lansberg describe in Chapter 14 of The Enduring Enterprise). Dalio identifies two types of crises that historically follow such massive accumulations of debt—deflationary (like the Great Depression) and inflationary (like Weimar Germany’s hyperinflation)—and describes when and how these events typically unfold. Understanding these timeless patterns of boom and bust can help enterprising families better anticipate and navigate the impact of structural economic shifts on their operations and on broader society. Consider making time to discuss these trends with your key leadership teams to stay ahead of the curve, and feel free to reach out if you need some tailored advice on how to better manage risk across your family enterprise.
- One Minute Governance Podcast hosted by Matt Fullbrook: Our friend Matt will be featured in Season 2 of the LGA Lighthouse podcast later this fall. In the meantime, you can check out Matt’s own podcast, where he explores complex corporate governance issues in concise, minute-long episodes. The podcast often focuses on critical questions boards need to answer, encouraging a shift from merely asking questions to actively seeking answers. Matt emphasizes that governance shouldn’t be seen as a burden but as an opportunity to intentionally cultivate effective decision-making conditions, especially for private and family enterprises with fewer compliance requirements.
- Nonnas: A heartwarming comedy inspired by the true story of Joe Scaravella, founder of the “Enoteca Maria” restaurant in Staten Island. Grieving the loss of his mother, Joe decides to honor her memory and Italian culinary heritage by opening a restaurant where the kitchen is run exclusively by Italian grandmothers, or “nonnas,” each sharing their cherished family recipes. The film follows Joe’s journey navigating the challenges of bringing this vision to life, assembling a diverse group of nonna chefs, and building a new kind of family and community centered around food and culture. Great fun to watch and an inspiring example of the importance of capturing and sharing the wisdom of our elders.
We hope you find these resources as inspiring and thought-provoking as we have. Please feel free to share your favorites with us as well — we’re always on the lookout for great ideas!
Meet Our Newest Advisors
In our ongoing efforts to broaden our global impact and better meet the needs of our clients, we recently welcomed the following new Advisors to our team, each of whom brings a wealth of expertise and experience to their work with enterprising families.
Thomas Ang
(Singapore)
Thomas Ang is a Partner with LGA, where he leads the firm’s Global Practice for Family Offices and coordinates LGA’s advisory team in Asia.
Ernie Patterson
(USA)
Ernie is focused on designing, implementing, and supporting governance systems and educational programs within complex multi-generational family enterprises.
Isabel Pardo
(Mexico)
Isabel brings two decades of international wealth management expertise, serving as a dedicated advisor to wealthy and enterprising families.
Juana Carvajal
(Colombia)
Drawing on her academic background and personal experience as a member of a family business, Juana brings a strong understanding of team development, group dynamics, and conflict management.
Claire Jung
(Malaysia)
Claire Jung is a trusted family advisor with over 15 years of experience working with family business enterprises and family offices across the Asia Pacific region. She brings deep expertise in family governance, succession planning and legacy structures.
