Family Business and Responsible Wealth Ownership: Preparing the Next Generation

Erscheinungsjahr 2021
ISBN: 978-1-78742-502-6
Verlag: Globe Law and Business Limited

Buch, Englisch, 179 Seiten, Format (B × H): 212 mm x 296 mm, Gewicht: 610 g

Family businesses and wealth owners today face a wide range of challenges, including increasing government interventionism, business disruption, technology-driven change, international conflicts and the climate crisis. Added to this is the move to greater transparency of the midshore and onshore world and the implementation of the Common Reporting Standard, the increased scrutiny of wealth owners by governments and the media, and the pandemic underscoring the need to apply more sustainable business practices, all of which complicates the processes of creating, retaining and transitioning wealth.

How can the rising next generation make sense of and adapt to this complex world? Family Business and Responsible Wealth Ownership: Preparing the Next Generation aims to develop a shared mindset and better understanding across and between the generations, focusing in particular on matters from the perspective of the next generation. It covers key issues pertaining to the important and often complex transitions that all families face, as well as themes which are highly relevant for wealth and business owning families at a time where there is an increasing focus on responsible capitalism.

In this report, an international group of experts with decades of practical experience working with wealth-owning families around the world bring together the perspectives of the lived experience of business owning families and the advisory world to examine, among other key topics:
•Finding and deploying your purpose;
•Effective mentorship for the next generation;
•Resolving intergenerational conflicts;
•Navigating social media; and
•Creating the next generation of entrepreneurs.

This title is essential reading for all generations involved in family businesses and wealth ownership. The rising next generations are the future of these families and should be better understood and supported so that family human capital is not wasted or overlooked. It is also an invaluable guide for those who advise families from a professional services or wealth management perspective.

Autoren/Hrsg.

Ispahani, Iraj

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung

Inhaltsverzeichnis

Preface 5
Iraj Ispahani
Ispahani Advisory

I. Managing your context today and finding and deploying purpose 9
Iraj Ispahani
Ispahani Advisory

II. Effective mentoring for the next generation 31
Jessica McGawley
Dallington Associates

III. Safeguarding the family’s digital narrative: how to navigate the challenges of the social media revolution 51
Charlie Bain
Digitalis

IV. #GenerationNow: resolving intergenerational conflicts through resilience and grit 67
Paul Hokemeyer
Drayson Mews International

V. Women: wealth and self-reliance 85
Philip Marcovici
The Offices of Philip Marcovici Limited
Caroline Underwood
Philanthropy Company

VI. The anatomy of wealth planning: a comprehensive primer for all generations 109
Stefan Liniger
Kaiser Partner Wealth Advisors

VII. The family bank: creating the next generation of entrepreneurs 137
Ed Lee
Bowbridge

VIII. The purpose of capital: exploring our relationship with money and meaning 155
Jed Emerson
Tiedemann Advisors

About the authors 173
About Globe Law and Business 179