Pranav Sayta, India Family Business Leader, EY.
Succession is one of the most critical issues encountered by family businesses. Several factors including family dynamics and the emotional connection that family members feel toward their businesses can make addressing succession a complex issue. Continue reading
Nadir Godrej, Managing Director of Godrej Industries and Chairman of Godrej Agrovet
Nadir Godrej, is not only a great leader of a highly successful family business, but also a poet. His ability to put in rhyme some of the most crucial issues in business is well known, telling in rhyme some hard truths and sharp observations. Read Nadir’s family business poem here. Continue reading
Peter Englisch, Global Family Business Leader, EY
Ever wonder what holds the world’s largest family businesses together?
One word: philanthropy. Continue reading
Dr. Martin Steinbach, EY IPO Leader EMEIA
Sufficient funds are a prerequisite for every growing business. It takes a considerable amount of money to develop new products, tap into new markets and sectors, and expand resources.
That is why family businesses must think about their strategic options for accessing funding. Continue reading
The importance of family businesses to the global economy is undeniable. According to the European Commission, they account for more than 60% of all companies in Europe and the Americas and about 50% of employment. But for many, succession planning can be a cause of anxiety, and there are many misconceptions around what is involved.
When it comes to buying quality chocolate in Vancouver, one brand stands out: Purdys, a family business that’s supplied chocolate to British Columbia’s most discerning residents and visitors since 1907.
Karen Flavelle, who is Purdys’ owner and is often cited as one of Canada’s best known businesswomen, was the winner of EY’s 2013 Family Business Award of Excellence. Here’s what she has to say about Purdys’ — and her own — success.
A risk-taker and an opportunity seeker, 25-year-old Akbar Sheikh, Managing Director of Sheikh Holdings, won the first ever EY NextGen Club Award for his outstanding work in the UK real estate market. In 2011, he decided to set up a family office, while also forming a real estate and private equity division under Sheikh Holdings, the company that represents the Sheikh family’s business activities. With this new division, he delivered a residential scheme that was not only profitable, but that also had a substantial positive impact on the local community. And this makes him a truly inspirational figure for all young NextGen members, and the perfect choice for the NextGen Club Award.
To find out more about EY’s NextGen Club click here.