The sustainability of a family business in times of hardship depends to a great extent on (i) the strength of the bond existing among the family members, and (ii) the degree of institutionalization of the family business. To institutionalize a family business is to build robust institutions and to protect them with a framework, applicable to all stakeholders, whether they are family members or not. During this session, we explore why the sustainability of family business is important, why so few families succeed their transition into the hands of the third generation, and lessons learnt from successful family businesses.

Speakers

• Rami Alturki, President & CEO, Khalid Ali Alturki & Sons
• Vera Backström, Member of the Board, Antti Ahlström Perilliset Oy
• Lincoln Lau, CEO, EPRO Group
• Olga Vysokova, Co-Founder, Global Next Gen Community
• Moderated by Stephen Rees, Global Family Solutions Senior Advisor, and Richard Nunn, Global Family Solutions Director, Deloitte Middle East