Setting rules: Remedy to confusion and conflict in family businesses
BY PROF. ENRIQUE SORIANO
IN SHORT, initiate the following four Cs:
* Craft Your Family Constitution/Charter
* Clarify Roles
* Create a Code of Conduct
* Commit and Enforce...
Why family-owned businesses struggle?
BY PROF. Enrique Soriano
BECAUSE many leaders resist the urge to change!
Family-owned businesses are often hailed as pillars of tradition, legacy, and enduring success. However,...
Why many Chinese family businesses fade by the third generation? Part 2
BY PROF. ENRIQUE SORIANO
THE TITLE can be quite daunting, especially for founders and business owners who have devoted their lives to nurturing and growing...
Why many Chinese family businesses fade by the third generation
BY PROF. Enrique Soriano
OVER THE past 15 years, Iāve witnessed a remarkable resurgence of interest in governance among overseas family-owned businesses of Chinese descent.
This...
Upholding the Family Constitution: The power of communication and enforcement
BY PROF. ENRIQUE SORIANO
AS I LEAVE New York after a week of governance work and board my flight to Michigan, I reflect on the...
Understanding Why Family Constitutions Fail – A Case Study of Family B
BY PROF. ENRIQUE SORIANO
āEVEN IF Iām not in the business, I still own shares and should be entitled to allowances and perks.āāWhy was his...
Unveiling the reality: The truth behind family constitutions
BY PROF. ENRIQUE SORIANO
CRAFTING a family constitution is often portrayed as a pivotal moment, promising to unite family members under a shared purpose and...
Advice to business leaders: Donāt die before your death
BY PROF. ENRIQUE SORIANOĀ
CASE STUDY: Masaya Nakamura, founder of Pac-Man, died in his Tokyo office in 2005 at age 91.
Renowned as the āFather of...
90% of family members unaware of fiduciary duties!Ā
BY PROF. ENRIQUE SORIANOĀ
HERE IS a case involving a middle-aged family member (identity withheld), concurrently serving as a shareholder and director, who was recently...
A pilgrimage of self-love and reflection for business leaders
THE LENTEN season, with its emphasis on reflection, sacrifice, and renewal, offers valuable insights for family business founders and leaders as they navigate the...