Evolving the Vision

While family businesses are playing an important role in the economy and studies have regularly shown that in the long-term they outperform other businesses, there is the continual challenge of succession to the next generation. An estate is built up over the generations and the family grows larger. This source of diversity is not without its challenges: how do you forge a common identity to which everyone can relate? How do you learn to take decisions together while maintaining family harmony? An increasing number of family businesses are reaching a moment in which the questions of transition, wealth transfer and family governance are essential. This long-term vision of family businesses, striving to ensure that the future generations will benefit from the successful enterprise, can benefit from the platform that philanthropy offers to them.