Developing Talent and Managing People in the Family Enterprise

In all organisations, people are a valuable asset. Much time and effort are spent on the optimisation and professional growth of individuals and teams – whether through recruitment, assessment, coaching or the design of compensation frameworks – making this an important focus for many public companies. In family enterprises, this is equally true, if not more so. Developing Talent and Managing People in the Family Enterprise explores the unique people-related challenges that families and their advisers face, bringing together insights from experts in the field and family members themselves. Topics covered include: • family dynamics and the challenges of wealth transfer; • next-generation talent – developing future leaders in business families; • preparing and educating the next generation; • what high-performance sport can teach families about leadership, teamwork and talent; • advising families on reputation and privacy in the age of AI; • why investment decisions are not only about money; • achieving investment best practice in family offices; and • family constitutions and their applications. At a time when families and their advisers face challenges such as rapidly evolving technology, shifting budgets and generational differences, the in-depth analysis, strategic guidance, anecdotes and case studies found in this Special Report make essential reading. It is an indispensable resource for family businesses, family offices and other family enterprises, along with accountants, lawyers, executive search firms and coaches.

Table of Contents:
Introduction 5 Rhian-Anwen Hamill RAH Partners I. The psychology of inheritance: behaviour, family dynamics and the challenge of wealth transfer 9 Greg B Davies Oxford Risk Sonya Gladstone Rhian-Anwen Hamill RAH Partners II. Next-generation talent: practical pathways for developing future leaders in business families 27 Jennifer East ONIDA Family Advisors III. Beyond the inheritor: addressing the family system in next-generation education 45 Jessica McGawley Dallington Sonya Gladstone Rhian-Anwen Hamill RAH Partners IV. What high-performance sport can teach families: leadership, teamwork and individual talent 57 Colby Richardson Blue Forge Capital Sonya Gladstone Rhian-Anwen Hamill RAH Partners V. Family matters: advising families on reputation and privacy in the age of AI 73 James Hann Digitalis VI. Why investment decisions are not only about money: navigating goals and building family consensus 87 Maya Prabhu J.P. Morgan Private Bank Sonya Gladstone Rhian-Anwen Hamill RAH Partners VII. Investment best practice in family offices 101 Samuel Lawson Samuel Shaw Sally Tennant Acorn Capital Advisers VIII. Preserving the family voice: legal insights into governance and generational wealth 121 Suzanne Johnston Stephenson Harwood LLP About the authors 138 About Globe Law and Business 144

Review :
Developing Talent and Managing People in the Family Enterprise is far more than its stated focus. It is a well written and practical view of inheritance, transition, investing and the way to develop all family members for their endeavors with a special note to the next or rising generation. I particularly enjoyed the effort to consider family dynamics and emotional/behavioral components. It offers a view which includes family dynamics as a ‘most’ important element. A good read!!