Family philanthropy is a wonderful arena though which families in business can develop many skills. Governance and financial literacy are two good examples. In addition, families can learn about group decision-making and how to constructively deal with disagreements. It is hard to imagine a safer or more productive way for a family to learn how to collaborate than having them wrestle with whether or not to donate funds to cancer research or to a…
Added by David C. Bentall on June 7, 2013 at 4:30pm — No Comments
Most of the families and advisors around the world are familiar with the saying “Shirtsleeves to shirtsleeves in three generations”. The first generation builds the wealth, the second generation preserves it and the third generation enjoys it.
Extensive research and statistics show that rather than just being a mere expression, ‘shirtsleeves to shirtsleeves’ is in fact a very real and widespread…Continue
Added by Edouard T on June 6, 2013 at 2:00am — No Comments
A Big Conversation for the New Philanthropists
The philanthropic landscape is evolving to the next level of impact and many of the old guard are struggling with the shift. The Millennial generation is not content to wait around; they are more confident and…Continue
Added by Aron Pervin on June 4, 2013 at 8:00pm — No Comments
Family Business: Competence is Key
by Dr Denise Kenyon-Rouvinez
Family businesses have an outstanding record of long-term performance, and the smartest of them know that the competence required is not simply inherited. Yet it is still rare to come across a strategic and comprehensive approach to building competence across all parts of a family firm.
Partly, this stems from a difficulty in articulating clearly what competence is. …Continue
Added by Denise Kenyon-Rouvinez on June 3, 2013 at 4:34pm — No Comments
So, Don’t Talk to your Family about Money
Reason 1: Knowing about the family’s millions will destroy the next generation’s will to turn those millions into billions.
Reason 2: The next generation will remain children well into their 60’s, or is it 70’s, maybe 80’s. One of these days, we might tell them…
Reason 3: With…Continue
Added by Joanie Bronfman on June 3, 2013 at 4:00pm — No Comments