A common question that a family often asks prior to building a family office is “What is a family office anyway and does my family actually need one?” The answer depends on the family’s goals, as well as understanding the four different types of family offices that are commonly used: (1) single family office, (2) family business office, (3) family virtual office, and (4) multi-family office.
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While each family office has its own unique makeup and course to success, there are many recurring themes over the years which, when aggregated, form something of a roadmap which can be used to help guide other families on their own unique journeys—be they new to wealth or several generations deep. Against that backdrop, this eBook brings collective insights and experiences around family enterprise governance structures that will help families manage their family wealth across generations.
Terrorism can take many shapes and involve a vast range of political or ideological agendas. But there are common threads linking all acts of terror: they involve the use of threat of violence, they are random—potentially occurring in any country, against any target, at any time—and their ultimate goal is to generate fear. As terror tactics continue to evolve, individuals and corporations around the globe cannot depend on security forces for their safety.
To create a sustainable talent pipeline, employers must focus actively on attracting and retaining female talent. Greater gender diversity in leadership will not happen by accident—and to make progress towards it, employers must implement inclusive talent strategies that support the advancement, engagement, and development of this significant and growing talent population. An inclusive global mobility program is an important component of such strategies. It will help to create a business model in which all talent can prosper—including women.
A volunteer position with a nonprofit organization can be an incredibly rewarding experience—both for the volunteer and for the organization. But the path to key leadership roles with such organizations can be tricky to navigate. While the process inevitably will vary from organization to organization, there are a few things that can help with making the transition. Shedd Aquarium Board Member, Lloyd Semple, shares his secrets to board success, including how serving on a junior board can be a great entry point for younger people.
Estate planning is an ongoing process and is about much more than reducing taxes—it’s about ensuring your family is provided for, your business can continue, and your charitable goals are achieved. Having a plan that reflects your current financial and family situation, and regularly reviewing it to ensure it fits any changes in your circumstances, will help preserve for your heirs what it took a lifetime to build.
The oil and gas sector is no stranger to recurring upheaval, volatility, and shifting geopolitical landscapes. Successful players have proven an ability to take a long-term view and manage through such challenges by innovating and adapting. However, navigating the future is increasingly challenging in a more complex global market, and the longer-term backdrop has changed. As the world transitions to a low carbon system, companies in the oil and gas sector need to reconsider their portfolio and related capabilities to not only survive, but thrive, in this new future.
Behind the scenes of the world’s leading industrial and manufacturing companies, a profound digital transformation is now underway. While terms like the industrial internet or digital factory are also used to describe the journey industrial companies are taking towards a complex value chain transformation, the term ‘Industry 4.0’ stands for the fourth industrial revolution and focuses on the end-to-end digitization of all physical assets and integration into digital ecosystems with value chain partners.
Vulnerability and personal security risks can be greatly reduced by following five basic principles of security at all times—awareness, low profile, unpredictable routine, communication, and layers of security. Based on those principles, these guidelines are designed to give practical advice on safety and security to anybody who is living in or travelling to places where problems such as kidnap, detention, and other forms of criminal attack may occur.
India is one of the fastest growing economies in the world, and Africa is also experiencing rapid growth and aspiring to raise its agricultural output to $880 billion USD in 2030. The determination to work together as key partners (trade between them was 70 billion USD in 2014-2015) to achieve common economic goals has turned India and Africa into investment hotspots of the global economy, contributing to economic growth, improved health and nutritional conditions, and global food security.