@GhosalPallabi

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar We only know of the big families and their structures. That is because they are dealing with a complex web of businesses and a large family tree. Not a one size fits all model - so important to adopt a structure customised to the family’s needs.

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar Education has 2 aspects - the more formal schooling and the other on value systems/beliefs. Some families have a very strong focus on the ‘softer’ education and have consequences if family members deviate

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar Family office is a good starting point - needs still to recognise succession as a broader construct and not stay tied to the head of the family

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar Do’s: have clarity of ownership and management structure, define roles, transperancy of economic benefit. Dont’s: do not undertake this exercise without every key member’s buy-in and sensitising non-family members

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar Identification of potential successors for key positions in a family business for long term growth, health and stability of the business

[@GhosalPallabi @GhosalPallabi1]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @SandeepNerlekar @GhosalPallabi Very good evening to everyone